Research In Motion (RIMM) CMO Steps Down

Research In Motion Ltd (RIMM) breaks to new lows on increased volume, currently printing the tape at $66.23. Weakness being attributed to a Dow Jones Newswire report that says the company’s Chief Marketing Officer Keith Pardy is stepping down for personal reasons.

According to the report, Mr. Pardy will continue to help the maker of Blackberry smartphones over a six-month transition period.

RIMM lost $2.01, or 2.94%, to $66.44 at 2:59 E.T. in Nasdaq composite trading. Volume has exploded with more than 11.3 million RIM shares already trading hands compared to a daily average volume of 10.6 million. Day’s range: $66.00 – $67.94.

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 50% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.