Why MobileIron, Inc. Stock Popped Today

Why MobileIron, Inc. Stock Popped Today

Shares of MobileIron Inc. (NASDAQ: MOBL) were up 10% as of 3 p.m. EDT Thursday after activist investor Altai Capital Management reported a significant new stake in the mobile device management software company.

More specifically, according to an SEC filing late yesterday, Altai bought 7,187,255 shares of MobileIron for a total of just over $17.2 million, good for a roughly 7.63% stake in the company.

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source: Fool.com