Research in Motion stocks plummet to record breaking low
Posted June 4, 2012 10:57 pm.
This article is more than 5 years old.
TORONTO, Ont.- Research in Motion stocks have plunged below $10 for the first time since 2003.
Shares in the struggling BlackBerry maker dropped to a low of $9.97 during Monday afternoon trading on the Toronto Stock Exchange, ending the day at $10.03.
The massive decrease in stock value comes a week after the Waterloo, Ont. based company hired JP Morgan and RBC to advise them on their business and financial performance.
RIM also projects staff cuts will take place throughout the year, due to operating losses in the current quarter.
