BlackBerry Shares Take A Dive After Jim Balsillie Sells His Shares

By Rob Boggan

Riding a wave of momentum surround the buzz around their new Blackberry 10 devices, RIM seen a pretty decent uptick in the value of their stocks lately. That all seems poised to change though as former head honcho Jim Balsillie recently revealed that he had sold his entire stake in the company at the end of last year. Having about a 5 percent stake in the company may not seem like a whole lot, but once word had gotten out that the former CEO had sold his, stocks dipped 3.4 percent to $13.52 a share. Ouch.

Hopefully RIM can do something to rebound, and get their shareholders and potential suitors back on board or things could get even worse in Waterloo.

{via Reuters}