Yahoo!, Sirius, Apple: Premarket Movers
The Internet giant announced on Sunday that CEO Scott Thompson had stepped down. Controversy has swirled around Thompson in recent weeks after activist investor Daniel Loeb questioned the Yahoo! chief's educational credentials.
In a statement, Yahoo! said it had appointed Ross Levinsohn, the company's global head of media, to serve as interim CEO.
The company also confirmed a settlement with hedge fund manager Loeb's Third Point LLC. As part of the deal, three Third Point board nominees -- Loeb, Harry Wilson and Michael Wolf -- will join the Yahoo! board on May 16.
Yahoo! shares rose 2.3% to $15.54 in premarket trading Monday. The Sunnyvale, Calif.-based firm was also one of the most active Nasdaq stocks in premarket trading on share volume of 341,929.
Sirius XM(SIRI) was another active Nasdaq stock on share volume of 782,284. The satellite radio giant's shares dipped 1.18% to $2.10.
Apple(AAPL) shares slipped 0.62% to $563.20 on share volume of 52,187.
--Written by James Rogers in New York.
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