One Factor Bringing MobileIron (MOBL) Stock Up

NEW YORK (TheStreet) -- Shares of MobileIron (MOBL) were gaining 8.1% to $6.86 on heavy trading volume Tuesday following a report that Apple (AAPL) is working with the mobile device management company to deploy iPad apps to enterprise customers.

Apple is working with MobileIron as part of its larger push to bring the iPad into the enterprise, according to TechCrunch. The push also includes Apple's partnership with IBM (IBM) to develop more iOS apps for the enterprise.

MobileIron CEO Bob Tinker told TechCrunch the company is building a product called OneTouch to help larger companies deploy apps to mobile devices. Tinker added that the company is "excited to be working with Apple."

About 2.1 million shares of MobileIron were traded by 3:52 p.m. Tuesday, well above the company's average trading volume of about 589,000 shares a day.

MOBL ChartMOBL data by YCharts

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