Facebook, Baidu, Apple: Tech Premarket
NEW YORK (TheStreet) -- Facebook(FB) was one of tech's big movers in premarket trading on Thursday, gaining just under 1% to reach $27.05.
The social networking phenomenon was also one of the most active Nasdaq stocks on share volume of 193,107. Facebook, which made its eagerly anticipated, yet troubled, IPO last month, has seen its shares fall almost 30% since its debut as a public company.
Shares of the Menlo Park, Calif.-based company closed up 3.64% on Wednesday, despite hitting a new low of $25.52 during the day's trading.
Facebook's rise also lifted key partner Zynga(ZNGA) , which gained 2.03% to $6.29 on share volume of 154,094.
Citing two people with knowledge of the matter, Bloomberg reported that the agreement could be announced as early as next week. Baidu was also one of the most active premarket Nasdaq stocks on share volume of 111,520.
Apple, which kicks off its Worldwide Developers' Conference in San Francisco next week, gained 0.82% to reach $576.15 before market open.
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--Written by James Rogers in New York.
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