RIM Jumps in U.S. Trading After Toronto Surge Yesterday
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Research In Motion Ltd. jumped 14 percent in New York trading, following an 18 percent gain in Toronto yesterday on rising optimism over the BlackBerry maker’s newest smartphones.
RIM climbed $1.40 to $11.66 at 1:30 p.m. in New York. The U.S. markets were closed yesterday for the Thanksgiving holiday. While RIM has rallied 47 percent in November, it is still down 20 percent for the year.