Shares of Blackberry device maker, Research in Motion
RIMM are falling on heavier than usual volume today after Goldman Sachs
GS cut the stock's price target from $56 to $50. Year-to-date, the former Wall Street darling has fallen almost 22% as continued concerns about RIMM's competitiveness going forward weigh on the share price.
During Monday's trading session, RIMM has lost 0.94% to $52.83. Almost 10 million shares have traded hands in the first three hours of the market day. On a valuation basis, Research in Motion looks attractive as the stock is trading at a seemingly cheap forward P/E of 8.83.
Learn how to find the best
stocks to trade each day in our 70 page E-Book and 90 minute online video for free.
Loading...
Loading...
GSThe Goldman Sachs Group Inc
$613.54-1.85%
Edge Rankings
Momentum
84.45
Growth
75.85
Quality
38.27
Value
Not Available
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in