Sector Update: Technology

By Staff,

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Technology shares were generally lower in pre-market trade Monday.

In technology stocks news, Zynga ( ZNGA ) was up 3% in pre-market trade after the stock was added to Wedbush's Best Ideas list with a $7 price target.

And, Yahoo ( YHOO ) plans to delve into the video content business as it it close to purchasing four Web series, the Wall Street Journal reported Sunday evening. YHOO trades in a 52-week range of $22.70 to $41.72.

Finally, Weibo ( WB ) set an IPO price range of $17 to $19, CNBC reported late Friday. The company is aiming to raise $3.5 billion to $3.9 billion in the offering.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ZNGA , YHOO , WB

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