BlackBerry Insiders Unload Shares Amid Biggest Rally in 21 Years
- SEC filings show at least two executives sold stock recently
- Facebook settlement was a driving catalyst for the advance
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Corporate insiders unloaded shares of BlackBerry Ltd. amid a frenzy of buying that turned it one of the hottest stocks of the new year.
BlackBerry shares rallied about 5% on Friday to extend a seven-day advance to 80%, its biggest such percentage increase since February 2000. Thus far this year, the stock has more than doubled, making it the top performer in the S&P/Toronto Stock Exchange Composite Index. The shares closed at their highest price since March 2018 on Thursday.