Updated from 11:24 a.m. EST to include information on Groupon in the sixth paragraph and updated share prices.

NEW YORK (

TheStreet

) --

Research In Motion

( RIM) shares climbed 1.51% to $7.40 despite the company's disappointing

annual shareholders meeting

yesterday.

Barbara Stymiest, chairwoman of RIM's board, acknowledged the investor concerns that have seen the company's stock plunge almost 50% this year. "The company's performance this year has not met expectations," she said. "We understand that shareholders are frustrated."

Apple

(AAPL) - Get Report

shares fell despite

UBS

analyst Steven Milunovich initiating coverage on the iPhone maker on Tuesday. He rates Apple shares "buy" with a $740.00 price target.

"The pattern in four of the last five iPhone introductions is for the stock to consolidate before and after the intro then take off. Although earnings growth should slow, the low valuation suggests more price upside if Apple beats estimates," Milunovich wrote in a note to clients.

Apple shares dipped 0.62% on Wednesday to $604.43.

Groupon

(GRPN) - Get Report

reached an all-time low of $7.72 on Wednesday before closing at $7.77. Shares have fallen about 70% since its initial public offering in November.

Citi Research analyst Mark Mahaney cut his price target from $22 to $19 in an Internet earnings preview note. Mahaney expressed concern about European exposure for Groupon and several large cap Internet stocks, but lowered his price target primarily on gross margin concerns.

Shares of

Netflix

(NFLX) - Get Report

have soared 19.21% since CEO Reed Hastings announced that subscribers

streamed

over 1 billion hours of content in June.

Netflix continued to jump on Wednesday, rising 1.76% to $81.64.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

tips@thestreet.com

.

Check out our new tech blog,

Tech Trends

. Follow TheStreet Tech

on your wireless devices

.

>Contact by

Email

.

Follow @nrpierrepont