Research in Motion Limited (USA) (NASDAQ:RIMM) Rise to 9 Month High Ahead of BlackBerry 10 Lineup Extension - NSR, CNTF, RRST

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Research In Motion Limited (USA) (NASDAQ:RIMM), the manufacturer of the BlackBerry smartphone, is changing hands at its maximum level in nearly a year amid signs that demand for Apple Inc.’s market- leading iPhone is receding.

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

RIM’s stock increased almost 10% in New York, after a 14% gain on January 11. Shares of the Waterloo, Ontario-based firm rose to $15.04 earlier in today’s session, its maximum intraday price since February 22.

Japan’s Nikkei newspaper announced recently that Apple decreased its orders for iPhone 5 screens this quarter, signaling that demand is sluggish.

After years of giving up market share, RIM is counting on its latest BlackBerry 10 lineup to win back clients from Apple and Google Inc.’s Android. The firm plans to uncover the phones on January 30, before they launched for sale in February and March.

At the current trading session, Research In Motion Limited (USA) (NASDAQ:RIMM) shares are up +9.29% to $14.82 while the stocks are trading within the range of $13.90 – $15.08. In the past year, the stock has traded within a range of $6.22 – $17.96. Average daily trading volume is 45.06 million shares.

For How Long RIMM’s Gloss will Attract Investors? Find out via this report

If we look at a few other stocks within industry, Neustar Inc, China Techfaith Wireless Comm. Tech. Ltd and RRSat Global Communications Network Ltd. are in the gainers list. Let’s have a quick look on their Market performance.

Neustar Inc (NYSE:NSR) shares are up +0.47% to $44.56 while the stock is trading within the range of $44.36 – $44.66 in the current trading session. In the last 12 months the shares have traded between $30.08 and $44.66. The average daily trading volume is 459,853 shares.

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

China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) shares in the current session moved up +2.26% reaching $1.36. The stocks are trading in a range of $1.32 – $1.38. In the last year the stock has moved within a range of $0.87 – $2.70. The Company’s average daily trading volume is 96,405 shares.

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

Another rival company, RRSat Global Communications Network Ltd. (NASDAQ:RRST), is trading up +5.14% to $6.95. Intraday trading recorded the stock price in a range of $6.56 to $6.98. In the previous 52 weeks the stock’s price ranged between $3.86 and $6.98. Their average daily trading volume is 5,797 shares.

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

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