Groupon, Sirius, Apple, Dell: Tech Premarket
NEW YORK (TheStreet) -Once again, Groupon(GRPN) was a loser in pre-market trading, falling 2.15% to $4.55.
Shares of the daily deals site were downgraded by Barclays Capital, according to a Reuters report, with the investment firm also slashing its price target.
Chicago-based Groupon was also one of the most active pre-market Nasdaq stocks with volume of 111,130. The shares fell 2.11% on Monday after tumbling 36% last week following its second-quarter results.
Sirius XM(SIRI) , however, was a gainer, climbing 1.95% to reach $2.62 as attention remains focused on the company's future.
Last week Liberty Media(LMCA) filed an application with the Federal Communications Commission (FCC) for 'de jure' control of the New York-based firm. Liberty also withdrew an earlier application for 'de facto' control of Sirius.
The satellite radio giant was the most active pre-market Nasdaq stock on volume of 669,315.
Apple(AAPL) , which surpassed Microsoft(MSFT) to become the world's most valuable company of all time on Monday, gained 0.76% to reach $670.20 in pre-market trading.
Based on its closing price, Apple has a market cap of $623.52 billion. Microsoft was worth $620.58 billion at its peak in 2009, according to Standard & Poors.
Facebook(FB) shares, which gained 5.04% to close at $20.01 on Monday, slipped 0.85% to $19.84 before market open. The social networker was also one of the most active pre-market Nasdaq stocks on share volume of 309,469.
Dell(DELL) , which reports its second-quarter results after market close, gained 0.48% to reach $12.62.
--Written by James Rogers in New York.
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