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

Dell, Facebook, Yelp, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Dell (DELL - Get Report) was a big loser in premarket trading Wednesday, tumbling 2.89% to $12.79 as buyout rumors continue to swirl around the Texan tech giant.

The No. 3 PC maker was also one of the most active premarket Nasdaq stocks on share volume of 569,432.

Talks to take Dell private are at an advanced stage, according to Reuters. Citing two unnamed sources, Reuters reported that at least four major banks have been lined up to provide financing, with buyout specialist Silver Lake Partners leading the deal.

Dell has not yet responded to TheStreet's request for comment on this story.

Dell shares ended Tuesday's session up 7.16%.

Yahoo! (YHOO - Get Report), however, was a big gainer before market open on Wednesday, rising 2.2% to $19.95 on share volume of 407,400.

Apple (AAPL - Get Report) shares also rose, climbing 1.56% to $493.5 on share volume of 220,987.

Facebook (FB - Get Report) shares gained 0.7% to reach $30.31 before market open on Wednesday as investors continued to digest the company's new Graph Search announcement.

Investors were underwhelmed by the social network's eagerly anticipated press event on Tuesday. Facebook's shares ended the day's session down 2.74%.

The Menlo Park, Calif.-based company was another active premarket stock, on share volume of 277,694.

Facebook's announcement continued to pressure shares of Yelp (YELP - Get Report) on Wednesday. Shares of the user review and recommendation site, which closed down 6.19% on Tuesday, were off 2.52% to $20.09 before market open.

Shares of ARM (ARMH) were under pressure in premarket trading on Wednesday, off 1.53% at $39.91, after closing down 4.41% on Tuesday.

Early on Tuesday, UBS downgraded ARM to neutral from buy, but raised its price target to $43.43 from $36.19. UBS analyst Gareth Jenkins predicted the chip design specialist will "handsomely" beat Wall Street's expectations in its fourth-quarter results, but said that ARM needs to grow its multiples again. A company's multiple, or its share price compared to its earnings per share, is a key indicator of future earnings potential.

Vodafone (VOD) was another laggard, falling 2.25% to $25.58 on share volume of 459,752.

--Written by James Rogers in New York.

1 of 2

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
DELL $0.00 0.00%
AAPL $124.75 0.00%
ARMH $50.69 0.00%
FB $80.78 0.00%
VOD $33.89 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs