Zynga, Google, Apple: Premarket Movers
NEW YORK (TheStreet) -- Social gaming specialist Zynga(ZNGA) was one of tech's big movers in premarket trading, lifted by the impending Facebook(FB) initial public offering.
With Facebook expected to price its offering late on Thursday, Zynga shares climbed 2.07% to $8.39 before market open.
Zynga, the company behind the popular Farmville and Mafia Wars games, accounted for 12% of Facebook's revenue in 2011 and 11% of the company's sales in the first quarter of 2012. Facebook, which has signed a deal with Zynga until 2015, retains up to 30% of the revenue from Zynga game sales on its platform.
Earlier this week, Facebook raised its projected price range to between $34 and $38 a share. The Menlo Park, Calif.-based firm had initially predicted a range of $28 to $35 a share.
With attention firmly focused on Internet stocks, Web giant Google(GOOG) was also up in premarket trading, rising 0.49% to $632.03.
Apple(AAPL) was one of the most active Nasdaq stocks in premarket trading, slipping 0.05% to $546.08 on share volume of 108,560.
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--Written by James Rogers in New York.
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