Research in Motion Limited (USA) (NASDAQ:RIMM) Rise Ahead of BlackBerry 10 Launch

Pompano Beach, FL -- (SBWIRE) -- 01/11/2013 -- Research In Motion Limited (USA) (NASDAQ:RIMM) rose on Friday as investors positioned before the release of its latest make-or-break BlackBerry 10 smartphones at the close of the month.

Morningstar analyst Brian Colello did not expect any one news story pushing the stock higher, which rose gradually through much of the day. The latest phones are to be officially uncovered on January 30.

Is RIMM a Solid Investment at These Levels? Read This Report For Details

Colello stated that the stock has been tremendously volatile, based on BlackBerry 10 gossips and the prospective for success in the market.

Numerous blog posts published on Friday exhibited allegedly leaked photos of what could be the latest phones, and a number of tech sites confirmed that Sprint Nextel Corp would carry BlackBerry 10.

Research In Motion Limited (USA) (NASDAQ:RIMM) shares so far in this session gained +9.31% to $13.03 with the Stock being traded within the range of $11.68 – $13.17. In the past year, it has not traded below $6.22 and was unable to surpass $17.96. The current session’s volume of 40.30 million shares is down from the average daily trading volume of 43.16 million shares.

Will RIMM Continue To Move Higher? Find Out Here

Turning to some other stocks in the same industry, Level 3 Communications, Inc., Neustar Inc and Telecom Argentina are in the gainer list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, Level 3 Communications, Inc. (NYSE:LVLT) shares are up +1.06% to $23.80 while the stock has traded within the range of $23.56 – $23.95. In the last 52-week period, shares changed hands between $16.36 and $27.99. The current session’s volume of 514,218 shares is lower than their average daily trading volume of 1.44 million shares.

Why Should Investors Buy LVLT After The Recent Gain? Just Go Here and Find Out

Neustar Inc (NYSE:NSR) shares in the current session moved up +1.85% reaching at $43.97. The stock traded in a range of $43.18 – $44.05. In the last year the stock has moved within a range of $30.08 – $44.05. The current session’s volume of 131,765 shares is lower from their average daily trading volume of 457,100 shares.

For How Long NSR will Fight for Profitability? Read This Trend Analysis report

Another rival company, Telecom Argentina S.A. (ADR) (NYSE:TEO) is at a premium of +0.72% to $12.57. In today’s trading so far, the stock price was found in a range of $12.50 and $12.66. In the previous 52 weeks the stock’s price ranged between $9.12 and $22.33. The current session’s volume of 121,071 shares was lower from their average daily trading volume of 192,918 shares.

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

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