BlackBerry Tells Regulator It Has No Clue Why The Stock Is Surging


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


BlackBerry Ltd. (NYSE:BB) in a response to the Investment Industry Regulatory Organization of Canada on Monday said it could not pin the recent stock surge to any particular event.

The cybersecurity software company said it isn’t “aware of any material, undisclosed corporate developments and has no material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its common shares.”

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

BlackBerry shares surged above 40% in intraday trading in New York on Monday before retreating somewhat to close 28.4% higher at $18.03 — posting gains for the seventh consecutive session.

There was no company-specific news associated with BlackBerry but the veteran technology company may be benefitting from the interest it has been seeing on the WallStreetBets community on Reddit, which also drove a massive surge in the stock price of GameStop Corp. (NYSE:GME).

The stock of the once-popular smartphone maker has surged about 172% year-to-date and about 46% since previous Monday’s close.

Price Action: BlackBerry shares jumped another 10.1% to $19.86 in the after-hours session on Monday.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: NewsEventsMoversTechTrading IdeasCybersecuritysmartphones