Research In Motion ( RIMM) shares gained 4.6% to $11.21 on optimism over the BlackBerry 10, its new platform. Research In Motion announced that BlackBerry 10 would debut at a launch event on Jan. 30. There had been concerns the company would fail to meet the deadline, having delayed it in the past. National Bank Financial analyst Kris Thompson recently raised his price target to $15 from $12, citing investor confidence ahead of the launch.
MercadoLibre ( MELI) shares fell 4.5% to $70.30 on heavier-than-average volume. The Brazilian e-commerce company traded nearly 1 million shares as of 1 p.m. EST, more than twice its average daily volume. MercadoLibre hosts online commerce platforms in Latin America. It has often been compared to eBay ( EBAY), with its payment system (PayPal) and online auction services. Interested in more on MercadoLibre? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York. >Contact by Email. Follow @Commodity_Bull