![]() The move pushed RIM shares up 6 percent to $15.80 in morning trading on the Nasdaq, while its Toronto-listed shares rose 7 percent to C$15.72. He also lifted his price target on RIM to $19.50 (12.28 pounds) from $13. Jefferies & Co analyst Peter Misek, who lifted his stock rating on RIM to “buy” from “hold,” believes Wall Street is now underestimating the strength of RIM’s financial performance for the coming quarters after the new devices debut on January 30. It's mostly "selling" the stock you have, which is transferred to an account Fidelity maintains, and then you transfer this money to your bank account.Research in Motion (RIM) BlackBerry smartphone handsets are pictured in this illustration picture taken in Lavigny, in this July 21, 2012, file photo. However, despite my long post, it's not extremely complicated either. Your manager was oversimplifying a bit because it is a multi-step process, and it doesn't just magically go to your bank account, even if you bank with Fidelity. Once it is in this "cash" account, you can transfer it to your bank. It then takes a couple of days for them to process the sell of the stock and put it into your "cash" account that they maintain. Typically for us, if you are trying to sell the stock, you want to do whatever is immediate, and you can choose if you want to sell all the stock or just some. You can then usually right click this section and sell the stock.Īs for selling the stock, there are a few different options which the Fidelity site itself explains pretty well when you are selling it. If you only have stock in Starbucks through Fidelity and no other stock, you probably have a "cash" section or something similar, which almost functions as a limited debit account indicated how much actual cash you have stored with Fidelity, and then you will have another section titled "SBUX" or something similar since that is the symbol Starbucks uses for their stock. This is called different things depending on when you were hired or started your Fidelity account. After the period it takes the stock to vest, it will be moved to a separate category in your overview on Fidelity indicating that the stocks are now completely owned by you. You have to "accept" these grants, though it doesn't necessarily matter when you do, to my knowledge. ![]() This means if you've worked at the company say three years, you will get half of the stock you were granted two years ago, and half of the stock you were granted one year ago. In most cases, like the stock grant we get every year in November depending on how long you've worked for the company (usually, if you have been a partner since May of that year, you get the November stock grant), half of the stocks you are granted will vest the following November, and the remaining stocks will vest the year after. On the Fidelity site, their should be a specific section of your overview that shows your "RSUs", or "Restricted Stock Units." These have been "granted" to you, but aren't yours until they do something called "vesting." In the case of the April stock grant we got last year, they only take one year to "vest" and become yours fully.
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