Cramer Touts the Pre, Saying "Palm is Real" (PALM)
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Price: $5.69 --0%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
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Shares of the momentous Palm (Nasdaq: PALM) have jumped to fresh session highs in the last 5 minutes of trading as Jim Cramer discussed the stock with Erin Burnett on CNBC's segment. The stock is now trading around $14.78, up more than 10% from yesterday's close.
Following the release of its highly-anticipated Pre device last weekend, Cramer said "Palm is real". While the comment is quite obscure, Cramer probably means that he believes the upside in the stock recently is justified given the Pre's potential. Shares of Palm have risen about 13% this week and nearly 400% since the beginning of this year.
Following the release of its highly-anticipated Pre device last weekend, Cramer said "Palm is real". While the comment is quite obscure, Cramer probably means that he believes the upside in the stock recently is justified given the Pre's potential. Shares of Palm have risen about 13% this week and nearly 400% since the beginning of this year.
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