Facebook, Apple, RIM, Yahoo!: Tech Premarket
NEW YORK (TheStreet) -- Facebook(FB) gained 1.24% to reach $31.93 in premarket trading Monday amid positive analyst sentiment ahead of the company's fourth-quarter results on Wednesday.
Bank of America Merrill Lynch reiterated its Facebook "buy" rating on Monday, citing expected revenue acceleration and upside from mobile.
The social networker was also the most active premarket Nasdaq stock on share volume of 519,024.
The Cupertino, Calif.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 189,515.
Netflix(NFLX) was a big premarket winner, rising 2.71% to $174.16.
Sirius XM(SIRI) shares were unchanged at $3.15 on share volume of 69,366.
Yahoo!(YHOO) , which reports its fourth-quarter results after market close, rose 0.83% to $20.54 before market open.
--Written by James Rogers in New York.
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