RIM Stock Up
Posted Jul 6, 2012 06:25:29 PM.
This article is more than 5 years old.
TORONTO – Shares of Research In Motion (TSX:RIM) rose nearly six per cent on Friday, extending gains the BlackBerry maker made in the previous session.
Shares of RIM were up 46 cents to $8.27 in afternoon trading, finally closing the day up 41 cents, to $8.10.
The jump follows gaining almost five per cent on Thursday.
RIM’s shares have been testing near-decade lows over the past week after announcing delays to its BlackBerry 10 operating system and new products.
The company is also laying off about 5,000 employees as it slashes costs across the organization to contend with faltering sales.
RIM will hold its annual meeting in Waterloo on Tuesday.
