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Baidu, Facebook, Emulex: Tech Premarket

NEW YORK ( TheStreet) -- Baidu (BIDU - Get Report) was a big winner before market open on Tuesday, boosted by its plan to acquire smartphone apps developer 91 Wireless.

The Chinese search giant announced on Tuesday that it signed a memorandum of understanding to buy a 100% interest in NetDragon subsidiary 91 Wireless for $1.9 billion.

Baidu shares rose 7.09% to $108.79 in premarket trading. The company was also one of the most active premarket Nasdaq stocks on share volume of 335,725.

Facebook (FB - Get Report) was a more modest gainer, rising 0.46% to $26.40. The social networking company was another active premarket stock on share volume of 346,499. ZNGA (ZNGA - Get Report), a key Facebook partner, was also heading northward, rising 1.97% to $3.62.

Tesla (TSLA - Get Report) shares, however, were off 1.46% at $125.40 in premarket trading.

Emulex (ELX - Get Report) was another laggard, falling 1.92% to $8.16 as investors digested the company's CEO transition and its preliminary fiscal fourth-quarter results.

Vodafone (VOD) shares dipped 0.27% to $29.37.

--Written by James Rogers in New York.

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ZNGA $2.52 0.00%
BIDU $216.90 0.00%
ELX $7.99 0.00%
FB $81.53 0.00%
TSLA $218.42 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%

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