RIM’s share price on NASDAQ fell into single digits

POSTED BY on Jun 5 under Mobile & Web News

Yesterday for the first time in almost a decade, RIM’s stock price has fallen into single numbers. The BlackBerry manufacturer’s share price on NASDAQ fell and it can’t go up.

Last week, Research In Motion released a terrible financial status update and halted trading of its shares.

RIM is now in a process of improving their products after years of stagnant hardware and software, which logically led to install the new CEO – Thorsten Heins.

As the company tries to improve their products, so people would actually want to have them and tries to shake off the dust, it takes a serious crash in the stock market.

At noon on Monday, RIM’s stock price fell to under $10 a share, a number that has not been seen since 2003.

The lowest number during the day that RIM was trading at was $9.57 a share. Company’s stock price have fallen with more than 30% in the past year.

Research In Motion’s share price for the last 10 years.

Source: http://venturebeat.com

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