This Day On The Street
Continue to site
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

Facebook, Qualcomm, RIM: Tech Premarket

NEW YORK ( TheStreet) -- Facebook (FB - Get Report) was a loser in premarket trading on Thursday, falling 1.18% to $31.85 as investors responded to analysts' mixed reviews of the company's prospects.

Wednesday was the first day that companies involved in underwriting the largest-ever tech IPO could issue recommendations on Facebook. Shares of the social networking phenomenon closed down 2.63% in Wednesday trading after a slew of analyst reports struck a generally cautious tone on Facebook.

Facebook shares are down more than 15% since the company's IPO last month.

Shares of key Facebook partner Zynga (ZNGA - Get Report) were also pressured in premarket trading on Thursday, down 1.07% to $5.57.

Investors were underwhelmed by the social gamer's "Unleashed" event earlier this week, which saw Zynga announce several new games and a new social network.

Zynga shares closed down 2.34% on Wednesday.

Qualcomm (QCOM - Get Report), which announced plans for a new corporate structure early on Thursday, slipped 0.64% to $54.56 before market open.

Embattled Canadian handset maker Research In Motion (RIMM), which reports its first-quarter results after market close, was up 0.33% to $9.21 in premarket trading.

Analysts surveyed by Thomson Reuters are looking for RIM to report a loss of 1 cent a share on revenue of $3.11 billion, compared to earnings of $1.33 a share and sales of $4.9 billion in the same period last year.

TheStreet will be live-blogging RIM's first-quarter earnings, starting at 3:45 p.m. EDT.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

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!
ZNGA $2.52 0.00%
FB $81.53 0.00%
QCOM $68.24 0.00%
AAPL $130.28 0.00%
GOOG $565.06 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs