NEW YORK (TheStreet) -- Shares of Voltari are soaring, up 10.84% to $9.61 in mid-morning trading Monday, as the stock continues its gains from the past two weeks on reports that billionaire investor Carl Icahn increased his stake in the mobile technology company. On March 31, Icahn disclosed that he acquired about 4 million additional shares of Voltari at an average price of $1.36 per share. He now has a 52.3% stake in the company, according to Reuters. Icahn previously owned 29.8% of Voltari, which used to be known as Motricity. Over the past month, shares of Voltari have surged more than 1,072%. During the second quarter of 2013, Icahn first bought 678,203 shares of Voltari. New York City-based Voltari provides merchandising, digital marketing and advertising solutions, primarily over smartphones and other mobile devices. The company is focused on its digital media business and plans to expand its product offerings to add online and display solutions to its suite of mobile data marketing services. VLTC data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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