This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Yahoo!, Microsoft, Nokia: Tech Premarket

NEW YORK (TheStreet) - Yahoo! (YHOO - Get Report) was a big mover in premarket trading on Wednesday after investors responded positively to the Internet giant's buyback and debt offering.

Shares of the Sunnyvale, Calif-based company jumped after market close on Tuesday after Yahoo! announced that it will raise its buyback offering by $5 billion, and issue $1 billion in convertible debt. Yahoo! shares continued their momentum, rising 2.08% to $35.35 on Wednesday. The company was also one of the most active premarket Nasdaq stocks on share volume of 538,271.

Vodafone (VOD) was a more modest gainer, rising 0.31% to $36.62 on share volume of 364,050. Facebook (FB) shares gained 0.35% to $46.52 on share volume of 197,605, while Sirius XM (SIRI) rose 1.09% to $3.72 on 116,692 shares.

Shares of Microsoft (MSFT - Get Report), which held its annual shareholders' meeting on Tuesday, crept up 0.22% to $36.82. The meeting was Steve Ballmer's last before stepping down as the software giant's CEO. Also on Tuesday, Nokia (NOK) shareholders approved the sale of "substantially all of Nokia's Devices & Services business" to Microsoft. More than 99 % of the votes cast at the meeting in Helsinki were in favor of the proposal.

Nokia shares gained 2.56% to $8 before market open.

Software specialist Red Hat (RHT) was another gainer, climbing 0.5% to $46.65.

--Written by James Rogers in New York.

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

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
MSFT $43.28 -1.37%
YHOO $42.62 -3.38%
AAPL $129.36 0.21%
FB $79.60 -0.19%
GOOG $573.64 0.40%


DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs