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Jan. 20, 2021, 2:44 p.m. EST

BlackBerry's stock soars toward a record 4-day rally, and highest close in nearly 3 years

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By Tomi Kilgore

The U.S.-listed shares of BlackBerry Ltd. /zigman2/quotes/202784246/composite BB -0.80% /zigman2/quotes/206834662/delayed CA:BB -1.09% surged 4.4% toward a near three-year high in afternoon trading Wednesday, to extend the record rally over the past several days. The Canada-based cyber-security software company's stock has been on a tear over the past week, after The Global and Mail reported that the company, which made BlackBerry cellphones in a past life, had sold 90 patents to China-based technology giant Huawei, and after the company reportedly settled a patent infringement lawsuit against Facebook Inc. /zigman2/quotes/205064656/composite FB -0.53% . The stock, on track to close at the highest price since March 2018, has soared 73.3% amid a four-day win streak. That's would be the best four-day performance for the stock since it started trading in February 1999, according to a MarketWatch analysis of FactSet data; the current record four-day rally is 65.7%, set over the four sessions ended June 2, 2000. The stock has now rocketed 153.7% over the past three months, while ETFMG Prime Cyber Security ETF /zigman2/quotes/207892345/composite HACK -0.66% has climbed 26.0% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.36% has gained 12.0%.

/zigman2/quotes/202784246/composite
US : U.S.: NYSE
$ 8.70
-0.07 -0.80%
Volume: 7.58M
April 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.96 billion
Rev. per Employee
$255,362
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/zigman2/quotes/206834662/delayed
CA : Canada: Toronto
$ 10.86
-0.12 -1.09%
Volume: 3.32M
April 16, 2021 5:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.21 billion
Rev. per Employee
$340,704
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 306.18
-1.64 -0.53%
Volume: 13.06M
April 16, 2021 4:00p
P/E Ratio
30.30
Dividend Yield
N/A
Market Cap
$875.14 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/207892345/composite
US : U.S.: NYSE Arca
$ 57.33
-0.38 -0.66%
Volume: 95,433
April 16, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,185.47
+15.05 +0.36%
Volume: 2.21B
April 16, 2021 5:15p
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