RIM shares fall below $20 for first time since 2004
The price of shares for Research In Motion have dropped below $20 for the first time since July 2004.
After reaching a high of $144 in June 2008—on the brink of the recession—RIM's shares nosedived to what seemed like rock bottom at $36 in March 2009. Recovering, the stock climbed back up to $83 in September 2009. But by then, Apple's iPhone and Google's Android were hot on RIM's heels and the stock stagnated.
2011 has been a bad year for the company. Its share price has been sliced in half and today reached an 8-year low as weak markets combined with RIM's unfavourable reports and numerous product delays to further batter the stock. The stock opened down nearly 5%.
Photo: Daniel Wille
