RIMM Rallies to New Highs, Earnings After Bell
Posted on Thu 28th Sep, 2006 01:23:00 PM
***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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