On Tuesday Research In Motion Ltd’s (NASDAQ:RIMM) freshman CEO announced that nothing is wrong with the manufacturer of BlackBerry smartphones and that it definitely is not in a “death spiral,” although the firm’s previously decrepit stock turned down to new lows.
In what seemed to be a determined attempt to win over Canadians grief the fall of a general icon, Thorsten Heins stated Waterloo, Ontario-located RIM is battling very huge challenges, but would rise productively from its deal.
Heins became CEO at RIM in January, substituting founder Mike Lazaridis and his old business associate Jim Balsillie.
Its competitors include Apple Inc. (NASDAQ:AAPL) that surged 1.16% to $599.41 with the total traded volume of 8.63 million shares and Nokia Corporation (ADR) (NYSE:NOK) that dropped -0.47% to $2.13 with the total traded volume of 10.79 million shares.
Other technology stocks with bullish trend include Activision Blizzard, Inc. (NASDAQ:ATVI) up 4.31% to $12.46, Hewlett-Packard Company (NYSE:HPQ) up 0.99% to $20.36 and Frontier Communications Corp (NASDAQ:FTR) up 0.88% to $3.99, whereas with bearish trend include Alcatel Lucent SA (ADR) (NYSE:ALU) down -0.61% to $1.64, Vodafone Group Plc (ADR) (NASDAQ:VOD) down -0.16% to $28.24 and MEMC Electronic Materials, Inc. (NYSE:WFR) down -2.27% to $2.58.
Research In Motion Limited (USA) (NASDAQ:RIMM) stock reports on July 03, 2012 decreased -1.87% to the closing price of $7.35. Its fifty two week range was $7.14-$33.54. The total market capitalization remained $3.79 billion.
The overall volume in the last trading session was 15.10 million shares. In its share capital RIMM has 524.16 million outstanding shares among them 471.79 million shares have been floated in market exchange. RIMM stock institutional ownership remained 60.57% while insider ownership included 10.24%.
RIMM is ahead its 52 week low with 2.97% and lagging behind from its 52 week high price with -78.09%. RIMM last month stock price volatility remained 5.37%. The stock price of RIMM is moving down from its 20 days moving average with -24.71% and remote negatively from 50 days moving average with -32.91%.
RIMM current year earnings per share experienced a decline with -64.95% while its current quarter performance remained -43.50%. Company’s beta coefficient included 1.68. Beta factors measures the amount of market risk associated with market trade.
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