5 Early Buzzing Stocks: Groupon Attracts SEC, Apple Hits New High and Netflix Declines 2.5%
Despite the Securities Exchange Commission getting involved, shares of Groupon Inc. (NASDAQ:GRPN) gained almost 1 percent in early trading. The agency is at a preliminary stage and is still deciding if it will launch a formal accounting investigation into the online coupon company.
Shares of Apple Inc. (NASDAQ:AAPL) climbed 1.5 percent before the opening bell to reach a fresh all-time high near $630. The tech giant received another impressive price target. Gene Munster raised his official target from $718 to $910, but says shares could reach $1,000 in 2014.
Investor Insight: Your Cheat Sheet to Groupon’s Implosion
Netflix Inc. (NASDAQ:NFLX) shares fell 2.5 percent early Tuesday. Barclays Capital cut the company from Overweight to Equal Weight, citing competition from Amazon (NASDAQ:AMZN) and Dish Network (NASDAQ:DISH). The firm still maintains its $115 per share price target.
AutoZone Inc. (NYSE:AZO) shares jumped 1.66 percent in early trading after receiving an upgrade from Goldman Sachs (NYSE:GS). Goldman upgraded shares from Neutral to Conviction Buy and raised its price target from $405 to $435.
Qualcomm Inc. (NASDAQ:QCOM) announced it is increasing its quarterly dividend by 16.3 percent to 25 cents per share, increasing the yield to about 1.46 percent. Shares of the company gained .70 percent in pre-market trading.
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