Why BlackBerry Stock Popped 14% Today

Shares of BlackBerry Limited (NYSE: BB), the once smartphone maker that has transformed into a security software specialist, are soaring Tuesday morning -- the first trading day after Bloomberg reported, Friday after close of trading, that BlackBerry has settled a legal dispute with Facebook (NASDAQ: FB) over the subject of patent royalties.  

As of 10:35 a.m. EST, BlackBerry stock is up 14.4%.

Image source: Getty Images.

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Source Fool.com