TORONTO (Reuters) – Research In Motion Ltd.
Analysts said the recommendation, along with news of a new product offering from rival Good Technology, pushed RIM stock through key technical support levels.
Shares of RIM, which helped popularize wireless e-mailing with its thumb-operated BlackBerry, closed down $4.18 at $66.12 on Nasdaq on volume of 23.9 million. At one point it was as low as $64.01, a 9 percent decline.
The stock is down about 20 percent on Nasdaq this year.