NEW YORK (
(GRPN - Get Report) shares climbed 4.87% to $10.55 before market open after
(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.
(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
(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.
(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
market at an event in Los Angeles after market close.
--Written by James Rogers in New York.
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