Palm Not So Rosy (PALM)

Posted in pre-market 
April 19th, 2010

Palm, Inc. (NASDAQ: PALM) is down on two issues.  It is granting stock options and/or restricted stock to certain executives after a recent executive departure.  But the stock did not announce a merger yet and its analyst rating at Morgan Keegan was Cut to Underperform.  At 8:43 AM ESt we have seen 401,000 shares trade hands and the stock is down 6.26% at $5.24.  Due to all of the merger hype and hoopla last week, the high during the week was $6.29 and the low was $5.11 versus Friday’s $5.59 closing bell price.

JON C. OGG

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