Stocks to Watch: RIMM, HPQ, CRM & More
Take a look at some of Monday's midday movers:
Salesforce.com moved lower after it agreed to buy social marketing company Buddy Media for $689 million. The deal did, however, get positive reviews from analysts.
Shares of Research In Motion fell below $10 a share, to levels not seen since 2003. The stock is down 30 percent this year.
Starbucks and Green Mountain getting a jolt this afternoon, getting bid up after Starbucks said it will be discussing after thebell “an initiative to further strengthen” the company’s core US retail business. Investors speculating Starbucks will announce it will start selling K-Cups in its stores.
Fertilizer makers including Potash,Mosaic,Agrium and CF industries fell to 22 month lows, pressured by increased concerns over a weakened global economy.
Hewlett Packard fell to a near 7-year low. It’s the worst component in the dow this year, down about 19 percent. Dell and Juniper Networks were also at multi year lows.