FireEye Plunges, Yahoo! Dips, Twitter Drops: Tech Premarket
NEW YORK (TheStreet) - Shares of security specialist FireEye
In a note released on Wednesday, FBR Capital Markets lowered its FireEye price target to $70 from $105, citing "multiple compression in light of recent market volatility". FBR, however, maintained its 'outperform' rating on the stock.
FireEye was also one of the most active pre-market Nasdaq stocks on share volume of 305,662.
Sunnyvale, Calif.-based Yahoo! was also one of the most active pre-market Nasdaq stocks on share volume of 643,002.
Shares of the micro-blogging site reached $31.72 on Tuesday on the expiration of a six-month lockup period for company insiders and early investors.
In an SEC filing earlier this week Apple revealed that Ahrendts had received a stock grant of 113,334 shares, with a value of around $68 million.
Shares of Cognizant
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--Written by James Rogers in New York.
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