Rambus Hit By A Bus (RMBS)

Posted in pre-market 
September 1st, 2009

Rambus Inc. (NASDAQ: RMBS) is getting hit this morning by over 10%.  There was news of insiders selling stakes of stock and there were chats about a cash judgement going against the company, but there has actually been very little on the headline front.  This was last night’s big loser trading down almost 15% to $16.30 on over 500,000 shares in after-hours trading.  As the stock has not had any formal news hit the tap, Rambus is down a tad less in early indications… At 8:12 AM EST we have shares down 10% at $17.03 on 177,000 shares… Stay tuned here. -JON OGG

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