Volume Alert: Motorola rises on analyst actions, also may be seeing a Palm benefit (MOT, PALM)

Posted in General 
June 26th, 2009

Motorola Inc. (MOT) shares are up only about 1%, but have seen strong volumes as of 10:15 a.m. Eastern. Market participants say the stock was added to the U.S. Focus List at Bank of America Merrill Lynch.

Another reason for increased volumes, however, may be Palm Inc. (Nasdaq: PALM) beating earnings by 22 cents a share on the back of its Pre smartphone. Traders may be looking at Motorola as lower-risk play on smartphones, given its multiple devices and strong carrier relationships.

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