Research-In-Motion Ltd. (NASDAQ: RIMM) is seeing shares trade lower this morning in pre-market trading. The Blackberry Smartphone maker saw its shares downgraded this morning as shares were cut to "Underperform" from Hold at Needham.
Shares were indicated down 1% before 8:00 AM but shares are now down about 2% at $103.75 and we have seen an increase in pre-market trading. With shares nearly down 1/3 from their 52-week highs, this might already be a little more buffered or insulated from a major reaction like we might have seen even a month ago.
Jon C. Ogg
July 16, 2008
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