Rally In Research In Motion Continues (RIMM)

Shares of Blackberry maker Research in Motion

are rising on heavy volume during Wednesday's trading session. The stock has gained 1.61% to $47.88 after rallying hard yesterday. Around 16 million RIMM shares have already changed hands. Research in Motion has been under tremendous pressure in 2010. The stock has lost nearly 30% year-to-date, and nearly 19% over the last 3 months. RIMM currently has a market cap of $25 billion. The stock trades at a trailing P/E of 9.21, a forward P/E of 7.74, and a PEG ratio of just 0.46. The median Wall Street price target for RIMM is $65 and the high target is set at $105.