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Groupon, Zynga, Microsoft: Tech Premarket

NEW YORK ( TheStreet) -- Groupon (GRPN - Get Report) shares climbed 4.87% to $10.55 before market open after Morgan Stanley (MS) upgraded the daily deals site.

Morgan Stanley upgraded Groupon to overweight, citing its emergence as a leading local e-commerce company. Groupon shares closed up 6.68% on Friday.

Zynga (ZNGA - Get Report) shares also headed northward on Monday, gaining 1.8% to reach $5.66, continuing their recent momentum. The social gamer closed up 10.65% on Friday following positive analyst reviews of the company earlier in the week.

The San Francisco-based Facebook (FB - Get Report) partner was also one of the most active premarket Nasdaq stocks on share volume of 147,614.

Facebook shares slipped 0.75% to $29.79 on share volume of 201,420.

Microsoft (MSFT - Get Report) which is expected to make a major product announcement late on Monday, crept up 0.03% to $30.03 before market open. There has been chatter that the software giant will make its entry into the tablet market at an event in Los Angeles after market close.

--Written by James Rogers in New York.

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SYM TRADE IT LAST %CHG
ZNGA $2.77 0.00%
FB $83.30 0.00%
GRPN $7.61 0.00%
MSFT $40.97 0.00%
AAPL $123.25 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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