Updated from 1:35 p.m. EST to provide company statement in the seventh paragraph.NEW YORK ( TheStreet) -- Facebook (FB - Get Report) shares were slightly lower, off 0.11% to $27.97, on Monday as rumors surrounded the social networking company about a potential acquisition.
Dell (DELL) shares tacked on 5.46% to $10.17 after Goldman Sachs upgraded shares to buy. Given the company's large cash balance ($14.2 billion at the end of the third quarter), Dell could be a leveraged buyout opportunity. Goldman Sachs analyst Bill Shope raised his price target to $13 from $9 following the upgrade.
Qihoo 360 Technology (QIHU - Get Report) shares added 9.25% to $27.30 on extremely heavy volume, as the Chinese Internet company may make gains in the Internet search industry in China. The dominant player in Chinese Internet search is Baidu (BIDU), but hopes are rising that Qihoo, which is based in Beijing, may begin making inroads into the profitable sector at the expense of Baidu. Interested in more on Facebook? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull