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Zynga and Facebook Among Most Active Stocks in Nasdaq Pre-Market


Sirius XM Radio was down this morning.

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
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