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
TheStreet Open House

Tech Premarket: Sirius, BlackBerry, Netflix

Stocks in this article: SIRIFBBBRYNFLXINTCGRPN

NEW YORK (TheStreet) - Sirius XM (SIRI) is once again the most active premarket Nasdaq stock, with shares gaining 0.78% to $3.86 on share volume of 11,402,534.

Shares of the Internet radio specialist closed up 7.28% to $3.83 during Monday trading, lifted by Liberty Media's (LMCA) recent announcement that it will seek to make Sirius a wholly owned subsidiary.

Groupon (GRPN) shares were flat at $11.89, although the daily deals site was one of the most active premarket Nasdaq stocks on share volume of 1,377,813 . Facebook (FB) shares were creeping up 0.7% to $57.60 on share volume of 868,793.

BlackBerry (BBRY) also was a gainer, rising 0.87% to $8.08 after ending Monday's session up 5.26%. On Monday, the embattled smartphone maker announced that former Sony Ericsson CTO Ron Louks will join the company as president, Devices and Emerging Solutions.

Netflix (NFLX) shares were off 2.94% at $359.57 after the company received a downgrade from Morgan Stanley.

"We think heightened competition in US digital video streaming from alternative products could put the Street's long-term domestic sub forecasts for NFLX at risk despite high hopes from investors," wrote Morgan Stanley analyst Scott Devitt, in a note released on Tuesday. Morgan Stanley lowered Netflix to Underweight and reduced its 12-month base case estimateto $310 from $333.

Shares of Intel (INTC) rose 0.16% to $25.50. On Monday at CES, the chip giant showed off its designs for wearable devices, which included 'smart' earbuds, as well as collaborations with retailer Barneys New York. Intel CEO Brian Krzanich also unveiled Intel Edison, a Quark-based computer in an SD card form factor. Krzanich also said that the company's McAfee products will transition to a new Intel Security brand.

--Written by James Rogers in New York.

>Contact by Email.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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