Volume Spike Investor

We are starting to see a surge in the volume and downward pricing action in shares of Research In Motion Ltd. (NASDAQ: RIMM) this morning.  The Blackberry 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 at 8:59 AM EST we are now seeing shares trade down over 2% at $103.70 on 176,000 shares so far in pre-market hours.

Its 52-week trading range is $61.54 to $148.13 and its average daily volume is about 18.7 million shares.

Jon C. Ogg
July 16, 2008