Why BlackBerry Stock Has Almost Doubled in a Week
It's now been one full week since BlackBerry (NYSE: BB) announced that it has settled a patent dispute with Facebook (NASDAQ: FB). To date, no other news has emerged on the details of the agreement, which involved technology used in instant messaging. Both parties are keeping mum, with BlackBerry simply telling Bloomberg, "We have resolved our disputes pursuant to a confidential agreement and have no further comment."
That seems fine with investors. Ever since the settlement was announced, BlackBerry stock has gone nowhere but up. After rising another 8% through 2:30 p.m. EST today, the stock is now up 87% in a week.
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Source Fool.com
