Twitter, Groupon, Facebook: Tech Premarket

NEW YORK (TheStreet) - Shares of Twitter (TWTR) crept up 0.6% to $45.17 before market open on Friday, just a day after the micro-blogging site's eagerly anticipated initial public offering. Twitter closed at $44.90 during its first day of trading as a public company, a hike of 72.69% on its offering price of $26. 

The company's shares started trading at $45.10 on the New York Stock Exchange shortly before 11 a.m. EST on Thursday. At market close, the San Francisco-based firm had a market cap of $24.46 billion. 

Groupon (GRPN) shares climbed 2.63% to $9.75 despite posting third-quarter revenue on Thursday that came in below Wall Street's estimate. The company posted sales of $595.1 million, below the consensus forecast of $615.7 million. 

Excluding items, Groupon earned 2 cents a share, just above analysts' forecast of a penny a share. The numbers initially sent shares of the daily deals site down more than 5%, before they bounced back in premarket trading on Friday. 

After market close on Thursday, Groupon also announced a $260 million deal to acquire Ticket Monster, a Korean e-commerce company owned by LivingSocial

Groupon was one of the most active premarket Nasdaq stocks on share volume of 946,081. 

Micron (MU)was a more modest pre-market mover, gaining 0.12% to $17.74 on share volume of 528,930. 

Facebook (FB) shares rose 0.27% to $47.69 in premarket trading on volume of 464,518 shares.

--Written by James Rogers in New York.

>Contact by Email.

If you liked this article you might like

Using Twitter to Trade Stocks

Using Twitter to Trade Stocks

Twitter Still Looks Bullish, Small Adjustment to My Risk Suggestion

Twitter Still Looks Bullish, Small Adjustment to My Risk Suggestion

Jim Cramer: Short Footprints Everywhere

Jim Cramer: Short Footprints Everywhere

Here's the New Hot Trade on Wall Street

Here's the New Hot Trade on Wall Street

Twitter Positioned to Trade Higher

Twitter Positioned to Trade Higher