A day after hitting their highest point since 2011, shares in Canadian tech company BlackBerry went on another wild ride Tuesday, jumping up when stock markets opened before see-sawing into positive and negative territory. The company's shares rocketed up 23 per cent to $22.92 a share on Monday, a nine-year high, after online investment message boards poured money into the company ostensibly because of their promising outlook. BlackBerry released a piece of news on Tuesday that could help fuel that investor file, a partnership with Chinese company Baidu to use BlackBerry's QNX techcnology on navigational software for self-driving cars in the Chinese market. After rising 23 per cent on Monday, the shares jumped another 10 per cent at opening Tuesday to trade as high as $24.76. Instead, BlackBerry has seemingly become the latest company to benefit from insatiable retail investor demand for companies they have collectively decided are undervalued.

Source: CBC News January 26, 2021 16:21 UTC