Baidu, Facebook, Emulex: Tech Premarket
NEW YORK (
) --
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.
(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)
was another laggard, falling 1.92% to $8.16 as investors digested the company's
and its preliminary fiscal fourth-quarter results.
Vodafone
(VOD) - Get Report
shares dipped 0.27% to $29.37.
--Written by James Rogers in New York.
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