Endwave Unaware Of Reason Of Rise In Stock Price

SAN JOSE, Calif. (AP) — Endwave Corp., a maker of wireless communication components, said Thursday it could not provide a reason for the surge in the company's share price.

The San Jose, Calif., company's shares surged as much as 15.5 percent in afternoon trading. It recently changed hands at $2.75, up 24 cents, or 9.6 percent. The shares have traded between $1.36 and $6.15 over the past 52 weeks.

In a statement, Endwave said the company "is not aware of any information that would provide a basis for the unusual trading activity in its stock today."