Research in Motion (RIM) Stock Increases in Value

Research in Motion Ltd (RIM) stock is exploding upwards.

January 4, 2013- Research in Motion Ltd (RIM) enjoyed a boost in the value of its stock on the Toronto Stock Exchange earlier yesterday.

After experiencing a sharp decline just a week ago, the company’s stock soared nearly ten percent in a single day of trading on the north-of-the-border stock exchange. This surge in the stock’s value followed a similar result in New York on the previous day, Wednesday.

This was good news for Research in Motion and for its investors. The company’s stock had plummeted by nearly twenty percent last week after an announcement by a Research in Motion spokesperson stating that the company was rolling out a new fee structure that could drastically affect its high-margin business.

Investors reacted negatively to the news and that impacted the performance of the stock causing it to lose some of its value.

Nevertheless, Research in Motion still plans to introduce its new Blackberry 10 smart phone at the end of January and that news helped the stock to recover.

In trading earlier yesterday, Research in Motion stock rose by 9.7% and reached a price of $11.42. Analysts remain bullish on this company.

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3 thoughts on “Research in Motion (RIM) Stock Increases in Value”

Dave, Freelance Eng(designer of smartphone tech) January 4, 2013 at 10:32 am -

well its only going up due to antisipation, if Rim only developed what is already somewhat in the market place,and is not brand new then its bye bye Rim. i was at their orlando presentation last may and from what i saw i noticed that every other provider was already doing that. now that samsung is now into the enterprise bus, i dont know what is gonna happen now but it looks grim to me. of course i would love to see Rim make it coz i also am canadian. i would love to be given the opportunity to help Rim pertaining to their demise. Its not too late Rim to scrap what you are now doing and lets get started on the real Next Generation SmartPhone tech.
yyl January 4, 2013 at 8:13 pm -

I agree Rim needs to stop chasing all the other companies and start to innovate. BBM 10 might get them back some market shares. They really need to innovate or license their software to get their brand out there. Otherwise they’re just waiting for the next big thing to wipe them off the map again.
Nate (Telecommunications Account Executive) January 5, 2013 at 6:15 pm -

I had the pleasure of assisting to a BB10 presentation right before the holydays and actually playing w the final product. I can assure you BB10 will rise to around $14.00 come the Jan 11th upcoming pre-launch private viewings and $22++ by Feb. 31st Whether it keeps rising until the low/mid $30′ s only time will tell but myself and a few of my colleagues bought shares between the $10.55 and $11.79 margins.