RIM, Magna International shares reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| January 21, 2013


 Research In Motion Ltd. (TSX: T.RIM, Stock Forum) briefly hit $18.49 on Monday before closing at $17.30, for an increase of 10.12%.

The stock soared after Jefferies & Co analyst Peter Misek lifted his stock rating on RIM to "buy" from "hold".

Furthermore, on Jan. 3, 2013, T-Mobile USA, Inc. and the technology company announced the most affordable BlackBerry® smartphone on T-Mobile's nationwide network - the BlackBerry® Curve 9315.

The second company to make the 52-week-high list was Magna International Inc. (TSX: T.MG, Stock Forum). The stock hit a new peak of $54.50, before closing at $54.25, for an increase of 2.32%.

On Jan. 16, the automotive systems developer and manufacturer said it expects an increase in total production sales over the two-year period from 2013 to 2015 of approximately $2.2 billion, based on assumed full year 2015 light vehicle production volumes of approximately 16.7 million units in North America and approximately 12.8 million units in Western Europe. 

Magna International assembles complete vehicles for sale to original equipment manufacturers of cars and light trucks. 


Tags: AUTO PARTS STOCKS 52-WEEK COMPANY

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