Mid-Day Follow-Up Commentary On Selected Stocks: (NASDAQ: RIMM) (NASDAQ; ZAGG)


Follow this company

Companies Mentioned

NASDAQ:RIMM / NASDAQ:ZAGG
12/13/2012 [ACCESSWIRE]

New York (December 13th, 2012) - Research In Motion Limited (NASDAQ: RIMM), the maker of Blackberry smartphones, is continuing to rally in mid-day trading today. At last check, RIMM was trading 4.72% higher at $13.94 on above average volume of 42.56 million. The stock has now gained more than 17% in the last three trading sessions.

RIMM has been gaining momentum ahead of the release of the company’s third-quarter results next week. RIMM, in fact, has had an excellent run since the start of November. The stock has been gaining as investors hope that the launch of two phones and new operating system will help in the company’s turnaround efforts.

Get the latest reports on RIMM and how the stock could do in the very short term by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=RIMM

Zagg Inc. (NASDAQ: ZAGG), a designer, manufacturer and distributor of protective coverings, audio accessories and power solutions for consumer electronics and hand-held devices, is soaring in mid-day trading today.

ZAGG has surged in trading today after the company announced a share repurchase program earlier today. The company said that it may buy back up to $10 million of its outstanding common stock from time to time in the open market under the repurchase program. On Wednesday, ZAGG had also announced that it entered into an $84 million credit facility with Wells Fargo Bank, consisting of a $24 million 2-year term note and a $60 million revolving line of credit.

ZAGG is currently trading 13.78% higher at $8.09 on volume of 1.68 million, which is nearly three times the daily average volume of 647,592.

Find out more about ZAGG by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=ZAGG

 

About Us:

WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.

Simply sign up for free and start receiving exclusive alerts.

Subscribe Here: http://www.WallStreetReport.net

Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.

Contact Info:
Michael Baine
WALL STREET REPORT
info@WallStreetReport.net
347-905-5009
COMMENTS

Leave a comment...
 * 

Your Name
 *