RIM Stock Dives Eight Percent After New CEO Transition Is Announced

After Research in Motion (RIM) unveiled to the world that Thorsten Heins will reign as the new CEO, the company’s stock price took a staggering 8.47 percent nosedive. While we certainly hope that RIM’s new CEO has the gusto to change things around for RIM, we’re just not sure how the new transition will play out. Judging by the plummeting stock prices, a significant amount of shareholders feel the same level of uncertainty in this recent move of leadership.

Sadly, the last time RIM’s stock actually saw noticeable improvement was when rumors ran rampant that Samsung was interested in buying RIM. RIM saw a 10% increase in their stock shares until Samsung killed those rumors by confirming they were not at all interested in buying or licensing any part RIM.Source