Exhibit 18 (Dkt. 566-18, S.D. Fla.)
Summary
Exhibit 18 (Document 566-18) in Case 1:21-md-02989-CMA, entered on the FLSD docket June 7, 2023, is a three-page printout of a Benzinga article by Neer Varshney dated 1/25/2021, BlackBerry Tells Regulator It Has No Clue Why The Stock Is Surging. The article reports that BlackBerry told the Investment Industry Regulatory Organization of Canada it is not aware of any material, undisclosed corporate developments that would account for the recent increase in its share price or trading volume. It says the shares surged above 40% intraday before closing 28.4% higher at $18.03, the seventh consecutive gain, possibly helped by interest on the WallStreetBets community on Reddit, and jumped another 10.1% to $19.86 after hours.
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- Date
- 2023-06-07
Cite this document
“Exhibit 18 (Dkt. 566-18).”
Original at archive.org, dated 2023-06-07. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-06-07-covid-era-misc-538362c8-1/
, SHA-256 538362c8f6b9b17d571d23dad9b60cd9bd41fb79dc5f5ac61c599ca90fb0611b.Full text
Case 1:21-md-02989-CMA Document 566-18 Entered on FLSD Docket 06/07/2023 Page 1 of 3
Exhibit 18
Case 1:21-md-02989-CMA Document 566-18 Entered on FLSD Docket 06/07/2023 Page 2 of 3
www.benzinga.com /news/21/01/19312882/blackberry-tells-regulator-it-has-no-clue-why-the-stock-is-surging
Unknown Title
Neer Varshney ⋮ ⋮ 1/25/2021
BlackBerry Tells Regulator It Has No Clue Why
The Stock Is Surging
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Case 1:21-md-02989-CMA Document 566-18 Entered on FLSD Docket 06/07/2023 Page 3 of 3
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BlackBerry Ltd.
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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.”
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.
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.
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.
File and source
- File
- gov.uscourts.flsd.590042.566.18.pdf
- Size
- 940,036 bytes
- SHA-256
- 538362c8f6b9b17d571d23dad9b60cd9bd41fb79dc5f5ac61c599ca90fb0611b
- Original
- archive.org