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Facebook and Sirius XM Radio Among Most Active Stocks in Nasdaq Pre-Market


Netflix was up this morning.

MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) were Facebook (NASDAQ:FB), Sirius XM Radio (NASDAQ:SIRI), and Netflix (NASDAQ:NFLX)as of 8:50 a.m.

Investors exchanged 541,661 shares of Facebook, which was down $0.56, or 2.68%. BTIG downgraded its rating of Facebook from Neutral to Sell, giving it a price target of $16.

Investors traded 246,055 shares of Sirius XM Radio, which was down $0.01, or 0.37%. The Federal Communications Commission issued a deadline of November 1 to those who oppose Liberty Media (NASDAQ:LMCA) seizing majority control of Sirius XM to voice their objection.

Investors also traded 184,789 shares of Netflix, which was up $3.94, or 5.92%. Morgan Stanley (NYSE:MS) upgraded its rating of Netflix from Equal-weight to Overweight, giving Netflix a price target of $85 per share.

Twitter: @ChrisWitrak
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