Research In Motion Attracting Heavy Volume (RIMM)

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
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GSThe Goldman Sachs Group Inc
$613.54-1.85%

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