business newsZynga and Facebook Among Most Active Stocks in Nasdaq Pre-Market
By
Christopher Witrak
Oct 05, 2012 9:05 am
Sirius XM Radio was down this morning.
PRINT
MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) were Zynga (NASDAQ:ZNGA), Facebook (NASDAQ:FB), and Sirius XM Radio (NASDAQ:SIRI) as of 8:50 a.m.
Investors traded 10,619,502 shares of Zynga, which was down $0.56, or 19.72%. Zynga has lowered its outlook for the year. Zynga expects revenue to range from $300 million to $305 million for the third quarter. The social gaming company also expects to report a net loss of between $90 million and $105 million for the third quarter. Zynga will likely report full third-quarter results on October 24.
Investors also traded 735,494 shares of Facebook, which was down $0.53, or 2.40%. Facebook shares have followed Zynga shares lower. According to Reuters, the social media site derives over 10% of its revenue from fees paid by Zynga.
Investors exchanged 341,380 shares of Sirius XM Radio, which was down $0.02, or 0.74%. Sirius XM's stock has more than doubled off its 52-week low of $1.27.
(See also: Pre-Market Primer: September Job Growth Still Weak, Though Unemployment Rate Falls.)
Twitter: @ChrisWitrak
Investors traded 10,619,502 shares of Zynga, which was down $0.56, or 19.72%. Zynga has lowered its outlook for the year. Zynga expects revenue to range from $300 million to $305 million for the third quarter. The social gaming company also expects to report a net loss of between $90 million and $105 million for the third quarter. Zynga will likely report full third-quarter results on October 24.
Investors also traded 735,494 shares of Facebook, which was down $0.53, or 2.40%. Facebook shares have followed Zynga shares lower. According to Reuters, the social media site derives over 10% of its revenue from fees paid by Zynga.
Investors exchanged 341,380 shares of Sirius XM Radio, which was down $0.02, or 0.74%. Sirius XM's stock has more than doubled off its 52-week low of $1.27.
(See also: Pre-Market Primer: September Job Growth Still Weak, Though Unemployment Rate Falls.)
Twitter: @ChrisWitrak
No positions in stocks mentioned.
Daily Recap
Everything you need to know for the next trading day.
Trading Radar (weekly)
Your road map to all the events that will effect financial markets in the week ahead.
Name
Email
*
Phone
* required field
