Research In Motion (RIMM) volatility stays elevated on new President and CEO announcement

Research In Motion (Nasdaq: RIMM) is recently down $1.09 to $15.91 following the Board of directors of RIMM, announcing Thorsten Heins as President and CEO. Heins was also appointed to RIM's Board. February call option implied volatility is at 67, March is at 70; compared to its 26-week average of 64. Goldman Sachs has $14 price target on RIMM and say’s “New CEO signals little change to strategy.”

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