By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks showed some signs of
gains in early trading Monday, with GoPro Inc. among the advancers
and speculation continuing to build over Apple Inc.'s upcoming
company event.
GoPro (GPRO) shares rose 5% to $61.69 after FBN Securities
analyst Shebly Seyrafi initiated coverage of the digital-camera
maker with an outperform rating and $70-a-share price target. With
GoPro shipping just 3.8 million units in 2013, "the company has
ample runway ahead to drive strong growth for several years," the
analyst wrote.
Yahoo Inc. (YHOO) was up by 3% at $38.33 a share as Chinese
Internet giant Alibaba began its IPO roadshow and set a price range
of $60 to $65 a share for its stock. Yahoo owns 23% of Alibaba and
plans on selling part of its stake in the company's public
offering. Also read: Is it too late to get rich with Alibaba's Jack
Ma?
Twitter Inc. (TWTR) rose 3.2% to $52.28 a share as the
social-networking company began testing buttons that will let
people buy products directly from within tweets.
Apple Inc. (AAPL) was off by 25 cents a share at $98.78 one day
ahead of a company event in which it's expected to unveil the
iPhone 6, and possibly other new products and services.
The tech-heavy Nasdaq Composite Index (RIXF) rose 7 points to
4,589 and the Philadelphia Semiconductor Index (SOX) also edged
into positive territory.
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