Research in Motion Plunge, Taking Sector Lower
Friday, June 17, 2021 2:15 PM

Related Stories



Shares of Research in Motion Limited (Nasdaq: RIMM) fell hard on Friday morning as the BlackBerry maker slashed its forecast, pulling the rest of the sector lower. Shares of RIMM lost 21.23 percent to $27.83 on Friday. In the broader market the Nasdaq composite index fell 0.09 percent to 2,621.38, and Morgan Stanley Hihg-Technology Index (MSH) was down by 0.42 percent to 623.70 points. Among other decliners in the sector were, Intel Corp. (Nasdaq: INTC), down 1.26 percent to $21.15, Google Inc. (Nasdaq: GOOG) was trading lower by 2.03 percent to $490.21. Google was in the news today after Oracle gave the statement that it is seeking billion of dollars in damages as part of its litigation with Google Inc. (Nasdaq: GOOG) related to patent and copyright-infringement of Oracle’s intellectual property in its Android mobile phone software. Advanced Micro Devices Inc. (NYSE: AMD) was down 3.20 percent to $6.96. Among the gainers were, Oracle Corp. (Nasdaq: ORCL) adding 1.756 percent to $31.34, International Business Machines (NYSE: IBM), up 0.72 percent to $163.84, and Amazon.com Inc. (Nasdaq: AMZN) up 1.23 percent to $185.91. Among the ETF’s, the Technology Sector Select SPDR Fund ETF (NYSEArca: XLK) was trading marginally higher by 0.02 percent to $24.48 and SPDR Morgan Stanley Technology ETF (NYSE: MTK) trading down 0.38 percent to $62.12 on Friday.
 

Sponsors

Symbol :

Advertisement

Market news:

  • Ingersoll-Rand Retains Buy Rating at Deutsche Bank Jun 17, 2021 03:00 PM

    As the management of Ingersoll-Rand Co. (NYSE: IR) continues to see a recovery in the US, guided by the light commercial side of the market, analysts at Deutsche Bank reiterated Buy rating on the shares of the former. They set a price target of $58 for the stock.

  • Tyco Retains Buy Rating at DB Jun 17, 2021 03:00 PM

    Analysts at Deutsche Bank maintained Buy rating on the shares of Tyco International Ltd. (NYSE: TYC) as the latter sees a continued momentum in ADT Pulse adoption rates that has moved from 14.5 percent in first quarter of 2011 to 15.5 percent in second quarter of FY2011. They set a price target of $56 for the stock.

  • Parker-Hannifin Maintains Buy Rating at DB Jun 17, 2021 02:30 PM

    Analysts at Deutsche Bank maintained Buy rating on the shares of Parker Hannifin Corp. (NYSE: PH) as it reiterated its 10 percent per annum revenue growth target, with 5 percent from organic growth. They set a price target $103 for the stock.

  • Research in Motion Plunge, Taking Sector Lower Jun 17, 2021 02:15 PM

    Shares of Research in Motion Limited (Nasdaq: RIMM) fell hard on Friday morning as the BlackBerry maker slashed its forecast, pulling the rest of the sector lower.

  • Sears, BJ’s leads Retail Sector Higher Jun 17, 2021 01:40 PM

    The retail sector rose Friday led the rise in stock prices of Sears Holdings Corp. (Nasdaq: SHLD) and BJ’s Wholesale Club Inc. (NYSE: BJ).

More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
GggHhh GR$1.32
DanielArgot GES$0.44
XXXXXXXXXX AEO$0.14
XXXXXXXXXX CSCO$0.32
XXXXXXXXXX EOG$0.54
ja teremtipTTG Investments GE$0.28
XXXXXXXXXX LVS$0.44
XXXXXXXXXX ISRG$2.49
XXXXXXXXXX AAPL$5.35
markinsurace guru CINF$0.36