Groupon, Apple, IBM: Tech Premarket
NEW YORK (TheStreet) -- Groupon(GRPN) was a big gainer in premarket trading on Friday, rising more than 4% following the ouster of CEO Andrew Mason.
The daily deals site announced Mason's departure in a press release sent out late on Thursday. Groupon's Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis have replaced Mason on an interim basis.
The company's weaker-than-expected fourth-quarter results and guidance earlier this week had prompted speculation about Mason's future. In the release announcing Mason's departure, Groupon noted that its first-quarter outlook remains unchanged.
Groupon's shares gained 4.86% to $4.75 before market open. The Chicago-based firm was also the most active premarket Nasdaq stocks on share volume of 89,523.
Apple(AAPL) shares slipped 0.62% to $438.65. Credit Suisse cut its estimates for the consumer tech giant on Friday, citing lower iPhone shipments.
--Written by James Rogers in New York.
>To submit a news tip, send an email to: firstname.lastname@example.org