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Why MobileIron, Inc. Stock Popped Today

TheMotleyFool

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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.

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Source: Fool.com