Research in Motion shares up by 8% — Trying to catch a falling knife?

Research in Motion (NASDAQ:RIMM) shares are on the move. The company announced its new Mobile Fusion service that allows corporate customers to manage mobile devices using its BlackBerry operating system with mobile device management capabilities for iOS and Android devices.

At the same time, a Bernstein Research analyst raised RIMMs rating from Underperform to Market Perform, pointing out that Research in Motion might now be an acquisition candidate. RIMM stock has lost 70 percent of its value year-to-date, as the company has lost market share in the smartphone market to Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL).

Has the stock bottomed as Bernstein seems to suggest, or is this yet another short-lived rally where investors are trying to catch a falling knife’?  Research in Motion (NASDAQ:RIMM) shares are trading at $17.79 per share, up 7.9 percent today.

 

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