Research in Motion (RIMM) volatility elevated; shares near two-year low

Research in Motion (Nasdaq: RIMM) price target lowered to $45 from $60 with a Neutral rating at BofA/Merrill. RIMM is expected to release Q1 results on June 16. Overall option implied volatility of 48; compared to its six-month average of 42 according to Track Data.

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