Shares of the daily deals site were downgraded by Barclays Capital, according to a Reuters report, with the investment firm also slashing its price target.
Chicago-based Groupon was also one of the most active pre-market Nasdaq stocks with volume of 111,130. The shares fell 2.11% on Monday after tumbling 36% last week following its second-quarter results.
Sirius XM (SIRI), however, was a gainer, climbing 1.95% to reach $2.62 as attention remains focused on the company's future.Last week Liberty Media (LMCA) filed an application with the Federal Communications Commission (FCC) for 'de jure' control of the New York-based firm. Liberty also withdrew an earlier application for 'de facto' control of Sirius. The satellite radio giant was the most active pre-market Nasdaq stock on volume of 669,315. Apple (AAPL), which surpassed Microsoft (MSFT) to become the world's most valuable company of all time on Monday, gained 0.76% to reach $670.20 in pre-market trading. Based on its closing price, Apple has a market cap of $623.52 billion. Microsoft was worth $620.58 billion at its peak in 2009, according to Standard & Poors. Facebook (FB) shares, which gained 5.04% to close at $20.01 on Monday, slipped 0.85% to $19.84 before market open. The social networker was also one of the most active pre-market Nasdaq stocks on share volume of 309,469. Dell (DELL), which reports its second-quarter results after market close, gained 0.48% to reach $12.62. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices
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