This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Groupon, Tesla, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Groupon (GRPN - Get Report) was a big gainer in premarket trading Thursday after the daily deals site received an upgrade from Piper Jaffray.

The analyst firm upgraded Groupon shares to "overweight" from "neutral" and increased its price target to $8 from $5.50, citing improving international business trends and continued strength in North America.

Groupon shares rose 4.65% to $5.85 before market open. The Chicago-based firm was also the most active premarket Nasdaq stock on share volume of 247,000.

Tesla Motors (TSLA - Get Report), however, was a big loser, tumbling 5.68% to $36.35 after reporting mixed fourth-quarter results on Wednesday.

Excluding items, Tesla reported a loss of 65 cents a share on $306 million in revenue. Analysts polled by Thomson Reuters were looking for a loss of 53 cents a share on $298.2 million in revenue.

The electric car manufacturer was another active premarket Nasdaq stock on share volume of 86,357.

Apple (AAPL - Get Report) shares dipped 0.45% to $446.85 as hedge fund Greenlight Capital prepares another public attack on the iPhone maker. The hedge fund will host a conference call and Webcast at 2 p.m. EST on Thursday to discuss Apple's capital allocation strategy, which follows hot on the heels of Greenlight Capital's decision to sue the iPhone maker.

Shares of ARM Holdings (ARMH) fell 2.56% to $41.80 while Vodafone (VOD) slipped 0.65% to $24.53.

Zynga (ZNGA - Get Report) was off 1.62% to $3.03 in premarket trading.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ZNGA $2.46 -2.20%
AAPL $134.68 3.40%
ARMH $54.29 1.30%
GRPN $7.01 -1.50%
TSLA $231.69 6.10%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs