New York (December 27th, 2012) - Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is seeing a pullback in mid-day trading today after rallying in the previous trading session. RIMM had bounced back on Wednesday after falling more than 20% on Friday following the release of its third-quarter results. While RIMM’s losses were less than forecast, the stock fell as the company reported a drop in its subscriber base in the third quarter.
RIMM is currently trading 2.16% higher at $11.57 on volume of 29.48 million, which is well below the daily average volume of 49.06 million. Despite the losses, the stock is still up more than 5% for the week, thanks mainly to Wednesday’s rally.
RIMM is trading close to $11.50 support level. If the stock falls below this level then the downward slide could continue.
Find out how investors need to trade RIMM by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=RIMMMarvell Technology Group Ltd. (NASDAQ: MRVL), a designer, developer and marketer of analog, mixed-signal, digital-signal processing and embedded and standalone ARM-based microprocessor integrated circuits, is down sharply in mid-day trading today. MRVL has slipped in trading today after the company lost a patent infringement case. A federal jury found that MRVL infringed two patents held by Carnegie Mellon University and ordered the company to pay $1.17 billion in damages.
MRVL fell to a 52-week low of $6.98 earlier today. The stock is currently trading 3.58% lower at $7.14 on volume of 21.41 million, which is well above the daily average volume of 12.54 million.
Find out more about MRVL by getting the free full report here:
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