Motorola's "Droid Does" Android Phone: Wall Street Loves It

When Wall Street gets excited about a product, and Wall Street media starts talking about it a LOT, odds are it's a money maker. It is so far for Motorola share holders.

Motorola announced that it is taking on Apple's iPhone with it's Droid, which will be available through Verizon. Verizon is doing some heavy promotion of Droid as the holiday season approaches, and one of the most coveted gifts is a new cell phone, for teens and business people alike.

Motorola shares rose over 8% on Monday alone, and closed up again today another 1.59%. The stock closed at $8.33 today, and is trading up at $8.39 in after hours trading. If Wall Street is right about Droid, this is a relatively inexpensive stock that could go higher very soon.

Verizon has announced that it will be holding a special event on October 28th in order to "unleash" the "must-have device of the year."

News has already been leaked by Phone Alert that Best Buy will have the Droid does on Friday, October 24th. The price will be $599 without a contract.

Are you ready for Droid does?

Resources:
Wall Street is bullish on Android
Huffington Post: Motorola Droid does slams iPhone in iDon't ad

Written by Shelby Bateson