Mid-Day Follow-Up Commentary On High Profile Stocks: (NASDAQ: RIMM), (NASDAQ: MSFT)
(ACCESSWIRE (Canada) Via Acquire Media NewsEdge) Category: Baystreet Newswire
Company: Investor Alley Inc.
Date: Thursday, January 03, 2013
New York (January 3rd, 2013) - Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is marginally lower in mid-day trading today. RIMM has slipped in trading today even as the company, along with T-Mobile USA Inc., announced the most affordable BlackBerry smartphone on T-Mobile’s nationwide network-the BlackBerry Curve™ 9315.
Of course, all eyes are focused on the launch of RIMM’s new BlackBerry 10 operating system and two new phones later this month. RIMM is pinning hopes on the new operating system as it looks to regain some of the smartphone market share. Last month, RIMM had reported a drop in its subscriber base in the third quarter, the first ever drop in the company’s history.
RIMM is currently trading 0.64% lower at $11.64 on volume of 9.37 million, which is nearly a fifth of the daily average volume of 50.45 million.
Find out if this is the right moment to trade RIMM by getting the free full report here: http://www.wallstreetreport.net/market-scan/ symbol=RIMMMicrosoft Corporation (NASDAQ: MSFT), the maker of Windows operating system, is also lower in mid-day trading today, reversing some of the gains from earlier in the week. MSFT had rebounded earlier this week after falling sharply last week. The stock had come under pressure last week amid reports that sales of the latest Windows 8 operating system have disappointed analysts.
The stock recovered this week, however, it has slipped after failing to break through $27.60 resistance level. At last check, MSFT was down 0.68% to $27.43 on volume of 10.18 million, which is nearly a fifth of the daily average volume of 52.18 million. MSFT is still up more than 3% for the week.
Find out where MSFT could be headed by getting the free full report here:
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