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Thursday, December 22, 2011

RIM stock prices outlook december 22 2011

RIM stock prices outlook december 22 2011 ; Shares of Research In Motion Ltd. rose as much as 13 per cent on Wednesday trading on the Toronto Stock Exchange following reports Amazon.com Inc. had considered acquiring the beleaguered Canadian BlackBerry maker.

The analyst cautioned the stock would resume dropping, likely falling into the single digits "as the company's fundamentals worsen." Thompson maintains an underperform rating and $8 U.S. price target on RIM stock. At the end of trading Wednesday, RIM shares were up 9.84 per cent over Tuesday's closing price of $12.90, which was among the stock's lowest closing prices in nearly eight years. Shares closed Wednesday at $14.17.

Research In Motion (NASDAQ:RIMM) stock tried to establish a meaningful bounce yesterday, however its price action today it’s not indicative of a reversal. Research In Motion has lost close to 80% of its value year to date and as such is now sparking takeover rumors and speculation. Yesterday, there was a report that both Microsoft and Nokia were planning on making a joint bid for RIM, which is now being compared with the late Palm where there might be more value on its parts than on the company as a whole. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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