Jefferies Raises Research in Motion Limited (USA) (NASDAQ:RIMM); Recommends Buying the Stock - TWER, PGI, ORBC

Pompano Beach, FL -- (SBWIRE) -- 01/18/2013 -- Research In Motion Limited (USA) (NASDAQ:RIMM) shares a 7% in early trades on Friday following Jefferies Group raised the BlackBerry manufacturer from hold to buy, and raised their price estimate by $6.50 to $19.50 per share.

How Should Investors Trade RIMM Now? Don’t Miss out a Special Trend Analysis

Analysts mentioned strategies by RIMM to facilitate corporate email on iPhones and Android gadgets. Analyst Peter Misek stated in a note to clients that this change they think is unidentified or not well unspoken but is significant.

Misek stated that investors can win in the many ways such as RIM creates an effective software business on top of Android/ iOS or prospects that are too low and a very high short interest, which could start congestion. The wild card is licensing contracts or other objects.

At the current trading session, Research In Motion Limited (USA) (NASDAQ:RIMM) shares gained +4.63% to $15.60 while The Stock traded within the range of $15.34 – $15.88. In the past year, the stock has traded within a range of $6.22 – $17.84. The current session’s volume of 26.03 million shares is down from the average daily trading volume of 49.37 million shares.

What was the Moving Force behind RIMM On Bullish Run? Read This Research Report

While If we look at the few other stocks within industry, Towerstream Corporation, Premiere Global Services, Inc. and ORBCOMM Inc are remain in decliners. Let’s have a quick look on their Market performance.

Towerstream Corporation (NASDAQ:TWER) shares are down -0.88% to $3.40 while the stock is traded within the range of $3.31 – $3.42 in the current trading session. In the last 12 months the shares have traded between $2.25 and $5.86. The current session’s volume of 49,397 shares is lower than their average daily trading volume of 302,148 shares.

Why Should Investors Buy TWER After the Recent Fall? Just Go Here and Find Out

Premiere Global Services, Inc. (NYSE:PGI) shares in the current session moved down -1.73% reaching at $9.10. The stock traded in a range of $9.09 – $9.22. In the last year the stock has moved within a range of $7.83 – $10.18. The current session’s volume of 36,612 shares is lower from their average daily trading volume of 143,520 shares.

Has PGI Found The Bottom And Ready To Gain Momentum? Find Out Here

Another rival company ORBCOMM Inc (NASDAQ:ORBC) trading down -0.25% to $4.05. Intraday trading recorded the stock price in a range of $4.01 to $4.05. In the previous 52 weeks the stock’s price ranged between $2.72 and $4.19. The current session’s volume of 36,579 shares was down from their average daily trading volume of 100,733 shares.

Will ORBC Get Buyers Even After The Recent Rally? Find Out Here

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