CHART OF THE DAY: The Rise And Fall Of Palm

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Palm shares dropped 20% today after the company warned that its smartphones aren’t selling as well as expected. The announcement follows a few downgrades of its stock, on the premise that RIM, Apple, and Google Android are running away with the smartphone industry, while Palm will be an also-ran.

Palm’s day-low of $6.30 is in the same range as Palm stock traded in mid-January 2009, just after the company unveiled the Pre smartphone and WebOS platform that represented the future of the company. Since then, shares have been all the way up to $18.09 — and all the way back down.

Palm stock SAI chart

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