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January 30, 2013 09:20 pm GMT

RIM Stock Tanks After Revealing BlackBerry 10


Research In Motion renamed itself 'BlackBerry' and unveiled its long-awaited BlackBerry 10 lineup, but it looks like investors were not impressed.

The stock had been up as much as 5% on Wednesday to $16.62 a share leading up to the launch event. After Thorsten Heins unveiled the new BlackBerry 10 phones, however, the stock did an about-face and plummeted by 11% from the day's high, falling to as low as $14.41 a share -- a loss of 6% for the day.

RIMM ChartRIMM data by YCharts

RIM's stock has enjoyed a resurgence in recent months on investor optimism for the BlackBerry 10 launch, surging from below $7 a share in October to nearly $18 a share earlier this month.

As of publication, the stoc…
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More About: BlackBerry 10, RIM


Original Link: http://feeds.mashable.com/~r/Mashable/~3/LEV_8BisoVA/

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