Beacon Equity Research: Research In Motion (RIMM) Shares Rise Sharply on Rumor Mill
Shares of Research In Motion Limited, the maker of BlackBerry smartphones, continue to rise in today's trading after a sharp rebound yesterday on speculation that the company might be a takeover target. At last check, RIM shares were trading 2.90% higher at $24.28, with volume at 13.5 million. On Tuesday, RIM shares fell below $20 for the first time in six years. The takeover speculation started after a report from The Independent said that Vodafone (ADR) (NASDAQ: VOD) could consider acquiring the BlackBerry maker. Vodafone declined to comment on the issue, however, analysts say that it will be highly unusual for a …