Palm Pre Touch Screen Phone Helped Stocks Soar

When a brand launches a new product it can create different results with it’s stocks, this is due to many factors and with Palm’s (NASDAQ:PALM) latest touch screen phone launch (The Palm Pre) it had a very positive effect.

The new Palm Pre phone helped their stocks soar 34.9%, that’s $4.45 at the close of trading yesterday. The phone was unveiled at the 2009 Consumer Electronics Show (CES) along with details on it’s new webOS operating system.

The last few months have been really hard on Palm’s stocks and this was due to slowing sales and resulted in a plunging share price. The phone will have a slide-out keyboard and iPhone-style touchscreen, you can read more details about Palm and its stock price via the read link below.

Source: Read