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NEUTRAL (= Flat)
After trading lower earlier on a downgrade and a Vodafone outage, shares of Research In Motion Ltd (NASDAQ: RIMM) saw a major intra-day reversal.
The upside is likely related to continued optimism for the upcoming BB10 launch. This afternoon BGR reported that Sprint (NYSE: S) confirmed it will launch the device “later this year.”
Shares of RIM last traded at $12.91, up 8.3 percent.
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