Shares of RIM (RIMM) Break Below $8, Down 5% Over Last Hour
Tweet Send to a Friend
After holding above an important level Friday afternoon -- and continuing higher Monday morning -- shares of Research In Motion (Nasdaq: RIMM) are now plunging under the $8 level. The stock is now down 3.5 percent to $7.82.
Shares traded to a high of $8.32 earlier, up about 2.7 percent from Friday's close, but began giving up gains as investors sold above $8.25. Downside in the name has intensified as the price has pushed below the 50-day simple moving average.
The stock is now trading just above where it was following a Q1 miss on June 28th.
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
Shares traded to a high of $8.32 earlier, up about 2.7 percent from Friday's close, but began giving up gains as investors sold above $8.25. Downside in the name has intensified as the price has pushed below the 50-day simple moving average.
The stock is now trading just above where it was following a Q1 miss on June 28th.
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
- Can AMD (AMD) Shake Off the Goldman Downgrade?
- SolarCity (SCTY), Goldman Sachs (GS) Announce $500M U.S. Rooftop Solar Lease Financing Platform
- Tesla (TSLA) on Watch Ahead of Equity Offering Pricing
Create E-mail Alert Related Categories
Momentum Movers, Trader Talk
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!
