RIMM Rallies to New Highs, Earnings After Bell
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
Shares of Research in Motion (RIMM) have rallied all the way from a low of $85.09 to break past $87 just several minutes ago. The stock now has a new intra-day high of $87.30 and is currently trading around $87.20 on volume of just over 4.4 million on the day.
This rally comes even as earnings are due after the bell, and the market outlook seems to be positive for this Blackberry maker. Earnings are expected to be at $.71 a share, with the earnings call set for 5:00 PM Eastern today. Make sure to keep an eye on RIMM after the close to see what the release brings for tomorrow.
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Posted by Blain Reinkensmeyer on September 28, 2006 at 1:23 pm --
[...] Research in Motion (RIMM) ended up beating earnings today which has driven up the stock above $100 a share after hours. I spoke on RIMM earlier today reporting a mid day rally the stock was having, perhaps this was the sign of the positive news to come. Congrats to all share holders on their returns, I know I am grabbing an ice cream cone to celebrate tonight, haha. [...]
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