RIM (RIMM) Shares Lower, More Volatile as Nokia Trims Staff and Facilities
Tweet Send to a Friend
Research In Motion (Nasdaq: RIMM) is trading about 4.5 percent lower early Thursday following Nokia (NYSE: NOK) news issued early. The Finnish mobile device maker said it would be cutting 10,000 and closing several plants in an effort to return to profitability.
Option implied volatility on RIM is up 6 percent on the session from Wednesday's close.
For more on the Nokia announcement, click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Option implied volatility on RIM is up 6 percent on the session from Wednesday's close.
For more on the Nokia announcement, click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Nokia Corp (NOK) Pops as Huawei May Consider Buying the Company
- Mobile Device Exec Sees Dark Days Ahead for Microsoft (MSFT) Windows Phone (NOK) (AAPL)
- UPDATE: MannKind Corp. (MNKD) Crashes
Create E-mail Alert Related Categories
Insiders' Blog, Options, Trader TalkRelated Entities
Options
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
