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%. Quoting a BlackBerry spokeswoman, the news agency reports that BlackBerry has "resolved our disputes pursuant to a confidential agreement and have no further comment."