Why Spherix (SPEX) Stock Is Trading Higher Today

NEW YORK (TheStreet) -- Shares of Spherix (SPEX) are up 6.93% to $1.85 on the news its NNPT subsidiary commenced patent litigation against three U.S. based units of Huawei Technologies.

The NNPT complaint alleges that Huawei, a Chinese networking company, infringed on five patents assigned to NNPT, which were developed by Nortel Network (NRTLQ).

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Last month, Spherix commenced patent litigation against Juniper Networks ( JNPR), alleging it also infringed on five patents it owns that were developed by Nortel Networks.

SPEX Chart

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