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


PowerShares QQQ Trust 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 PowerShares QQQ Trust (NASDAQ:QQQ) as of 8:50 a.m.

Investors exchanged 20,625,838 shares of Facebook, which was up $4.75, or 24.36%. Facebook beat Wall Street expectations yesterday when it released its third-quarter financial results. Facebook reported a net loss of $59 million, or $0.02 per share, compared with a profit of $227 million, or $0.10 per share, in the prior-year quarter. Revenue increased from $954 million to $1.26 billion. Adjusted profit was $0.12 per share; analysts had expected an adjusted profit of $0.11 per share on revenue of $1.23 billion.

Investors traded 3,656,175 shares of Sirius XM Radio, which was down $0.03, or 1.05%. Sirius XM's CEO Mel Karmazin said he will leave the company on February 1 because of disagreements with John Malone of Liberty Media (NASDAQ:LMCA). Liberty Media is awaiting approval from the US Federal Communications Commission to take control of Sirius XM.

Investors also traded 335,825 shares of PowerShares QQQ Trust, which was up $0.26, or 0.40%.

Twitter: @ChrisWitrak
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