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Tuesday, September 27, 2011

RIM shares jump on Icahn stake talk, (TSE: RIM), (NASDAQ: RIMM)

Shares of Research In Motion (RIM.TO) jumped more than 6 percent on Tuesday morning on market speculation that activist investor Carl Icahn had taken a stake in the struggling BlackBerry maker. Traders "are saying Icahn has taken a stake, but nothing is confirmed," BGC Partners tech analyst Colin Gillis told Reuters, as the shares rose 6.2 percent to $23.04 on the Nasdaq (RIMM.O).

Shares of RIMM traded higher by 6.18% or $1.34/share to $23.02. In the past year, the shares have traded as low as $20.41 and as high as $70.54. On average, 23231100 shares of RIMM exchange hands on a given day and today's volume is recorded at 23711476.



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