Research In Motion Limited (NASDAQ: RIMM) was downgraded by Morgan Stanley (NYSE: MS) from overweight to underweight. As of 8:16 AM EDT, RIMM was trading at $49.00. This was 2.89% below yesterday’s close, which saw the stock down 1.03%. RIMM stock is nearing the bottom end of its 52-week range of 47.42 to 88.08. The stock has traded 54,401 shares, with an average volume of 15.2 million.
-Michael B. Sauter