Research In Motion Shares Soaring in Pre-Hours Trading

With Research In Motion (RIMM) trading up nearly 20% in the pre-market, we looked at prior times that the stock gapped up at least 10%.

Of the 19 times this has occurred, the stock went higher from open to close 12 times. The overall percentage change from open to close on these 19 times is 3.87%.

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[Mr WaveTheory]

Research in Motion Ltd (NASDAQ RIMM) had a blowout quarter and is up 20% (+15.91) at $101.97. If anything, it indicates that the push email market is still growing very fast. I wrote about Visto's $250 million venture capital financing ( "Google That! $250 million in Venture Capital for Visto!" ) and RIMM proves again that there is an extreme amount of investor enthusiasm for mobile email. MSN is saying that RIM smashed expectations for the quarter. Bloomberg also thinks the numbers were good. The earnings announcement was positive.

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2006 Sep 29 09:14 AM