Research in Motion Limited (USA) (NASDAQ:RIMM) Offloads NewBay to Synchronoss at Sharp Discount - CCI, TBOW, TWER

Pompano Beach, FL -- (SBWIRE) -- 01/04/2013 -- Research In Motion Limited (USA) (NASDAQ:RIMM) has divested its Irish mobile development division NewBay at a sharp discount to US mobile content company Synchronoss.

Should RIMM a Buy or Sell Now? Find Out Here

The Canadian firm purchased the Dublin-headquartered cloud services company for a reported $100 million in October 2011.

At the time, the purchase was seen by watchers as a method for RIM to vie with file hosting and sync services, like Apple iCloud, Amazon Cloud Drive and Google Docs, currently Google Drive.

On the other hand, New Jersey-based Synchronoss established this week that it had purchased NewBay from RIM for $55.5 million in cash, citing the deal had been finished at the close of the Q4 of 2012.

At the current trading session, Research In Motion Limited (USA) (NASDAQ:RIMM) shares gained +2.57% to $11.76 while The Stock traded within the range of $11.44 – $11.77. In the past year, the stock has traded within a range of $6.22 – $17.96. The current session’s volume of 9.88 million shares is down from the average daily trading volume of 49.89 million shares.

Will RIMM Continue To Move Higher? Find Out Here

While If we look at the few other stocks within industry, Crown Castle International Corp., Trunkbow International Holdings Ltd and Towerstream Corporation were remain in top volume leaders. Let’s have a quick look on their Market performance.

Crown Castle International Corp. (NYSE:CCI) shares are down -0.62% to $73.14 while the stock is traded within the range of $73.02 – $73.84 in the current trading session. In the last 12 months the shares have traded between $44.66 and $75.10. The current session’s volume of 420,414 shares is lower than their average daily trading volume of 1.37 million shares.

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

Trunkbow International Holdings Ltd (NASDAQ:TBOW) shares in the current session moved down -5.60% reaching at $1.18. The stock traded in a range of $1.15 – $1.24. In the last year the stock has moved within a range of $0.77 – $2.39. The current session’s volume of 157,859 shares is lower from their average daily trading volume of 40,270 shares.

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

Another rival company Towerstream Corporation (NASDAQ:TWER) trading down -3.30% to $3.52. Intraday trading recorded the stock price in a range of $3.51 to $3.69. In the previous 52 weeks the stock’s price ranged between $2.18 and $5.86. The current session’s volume of 152,267 shares was lower from their average daily trading volume of 318,300 shares.

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

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