Palm, Inc. (NASDAQ: PALM) is trading up on a positive research call this morning oin the chances of a buyout.
RBC has maintained an Outperform rating on Palm with an $11 target. The firm has said it has a $10 to $14 breakup value and it sees a better chance than not of a deal getting done.
The stock trades an average of 27,360,600 and the 52-week trading range is $3.65 to $18.09.
At 8:58 AM EST we have seen 1,145,896 shares trade hands and the stock is up 3.9% at $5.61.
JON C. OGG