Research In Motion (NASDAQ:BBRY) Hikes to Monthly High on Lenovo’s Chief Comment

Shares of Waterloo, Ontario-based BlackBerry, formerly known as Research In Motion Ltd (NASDAQ:BBRY), hiked to record high in over a month after CEO of Lenovo Group Ltd, world’s second biggest personal computer maker, was quoted in a French financial newspaper as mentioning his company may eventually consider buying the Smartphone manufacturer.

Lenovo’s chief executive Yang Yuanqing told Les Echos that an agreement with BlackBerry could maybe make sense.

The Canadian Smartphone manufacturer started a review of its strategic options previous year after losing market share to Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co, lifting speculation that it could be a takeover target.

BlackBerry stock hiked 14% to settle at $14.90 in New York and marked the major boost since February 4.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Ericsson (ADR) (NASDAQ:ERIC) rose +1.18% to settle at $12.81, Nokia Corporation (ADR) (NYSE:NOK) moved down -1.63% to end at $3.62 while Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) dropped -0.09% to finish at $11.46 on Monday.

Research In Motion Ltd (NASDAQ:BBRY) on March 11, 2013 increased +14.09% to the closing price of $14.90. The overall volume in the last trading session was 92.82 million shares. Its fifty two weeks range was $6.22 – $18.32. The total market capitalization remained at $7.67 billion.

BBRY is ahead of its 52-week low with 139.55% and lagging behind from its 52-week high price with -18.67%. BBRY’s last month’s stock price volatility remained 7.09%. In its share capital BBRY has 524.16 million outstanding shares, among them 425.06 million shares have been floated in market exchange. BBRY’s stock’s institutional ownership remained 60.57% while insider ownership included 15.01%.

The stock price of BBRY is moving forward from its 20 days moving average with 7.59% and remote positively from 50 days moving average with 6.24%. BBRY’s current year’s earnings per share experienced a downfall of -64.95% while its current quarter performance remained at 25.32%. Company’s beta coefficient included 1.64. Beta factors measure the amount of market risk associated with market trade.

DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with! CLICK HERE TO START YOUR FREE 30-DAY TRIAL

This entry was posted in Main Post, Technology and tagged , , , , , , , , , , , . Bookmark the permalink.