For BlackBerry, this "Good" news is anything but
13th Nov 2006, 14:22 GMT
Filed under: RIM By looking at the oscillations in the stock price of BlackBerry-maker Research In Motion, you can often tell how the segment of the BlackBerry community who have put their money on the line for RIM -and have the most to gain or lose by the company's fortunes- are feeling at the moment. And judging by what happened to RIM stock on the first day that Motorola announced it was acquiring BlackBerry email platform rival Good Technology, investors would seem to be a bit freaked. Most of the freakout seemed to occur around Noon. Stark dip in very heavy trading. Then in the afternoon, investors seemed to chill out a bit, bringing the stock back from most of its day loss. Most of its day loss, but not quite all Here's what happened to RIM stock on Friday: Nasdaq (RIMM)- $124.11 a share, a decline of 64cents (-0.51%) from Thursday's $124.75 a share close. Friday''s volume of 15.058 million shares was more than twice RIM's three-month 7.038 million share daily average traffic. When expressed proportionately, the dip in Canada trading was less than one-third that on the Nasdaq. Toronto Stock Exchange (RIM)- Closing prices finished at $140.61 (CDN) a share, a decline of 20 cents (-0.14%) from Thursday''s $140.81(CDN) a share close. Read | Permalink | Email this | Linking Blogs | Comments
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