Research In Motion and Facebook Among Most Active Stocks in Nasdaq Pre-Market

By Christopher Witrak  NOV 23, 2012 9:05 AM

Ericsson was up this morning.

 


MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) were Research In Motion (NASDAQ:RIMM), Facebook (NASDAQ:FB), and Ericsson (NASDAQ:ERIC) as of 8:50 a.m. EST.

Investors exchanged 2,678,519 shares of Research In Motion, which was up $1.27, or 12.38%. According to Bloomberg, some investors have become optimistic about Research In Motion after National Bank Financial said RIM's BlackBerry 10 phone should sell better than expected.

Investors traded 600,171 shares of Facebook, which was up $0.31, or 1.27%. According to the Wall Street Journal, Facebook will implement new methods for allowing users to voice their opinion about unpopular policy decisions made by the management of the social website. The large user base now makes it much easier to challenge a policy decision by the company based on the old method because only 7,000 comments were needed to hold a vote.

Investors also traded 416,218 shares of Ericsson, which was up $0.22, or 2.51%. Based on signed contracts, Ericsson expects to have more than 50% of the LTE market in Latin America by volume. Ericsson added 14 million new subscriptions in the third quarter for a total of 676 million subscriptions.

(See also: Pre-Market Primer: Stocks Rise on Black Friday Sales,)

Twitter: @ChrisWitrak
No positions in stocks mentioned.