Groupon, Sirius, Apple, Dell: Tech Premarket
NEW YORK (TheStreet) -Once again, Groupon (GRPN) was a loser in pre-market trading, falling 2.15% to $4.55.
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: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devicesSelect the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
