SINA Corporation (SINA): Today's Featured Internet Laggard

SINA Corporation (SINA) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.8%. By the end of trading, SINA Corporation fell 69 cents (-1.3%) to $50.90 on average volume. Throughout the day, 3.2 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $50.19-$51.62 after having opened the day at $51.22 as compared to the previous trading day's close of $51.59. Other companies within the Internet industry that declined today were: ExactTarget (ET), down 3.6%, Groupon (GRPN), down 3.5%, Move (MOVE), down 2.7%, and Friendfinder Networks (FFN), down 2.5%.

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SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. SINA Corporation has a market cap of $3.3 billion and is part of the technology sector. Shares are up 0.1% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate SINA Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

• You can view the full SINA Ratings Report.

On the positive front, Remark Media (MARK), up 9.3%, ModusLink Global Solutions (MLNK), up 7.8%, TheStreet (TST), up 5.2%, and MeetMe (MEET), up 4.8%, were all gainers within the internet industry with Rackspace Hosting (RAX) being today's featured internet industry leader.

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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx (FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology (REW).

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For more information on SINA Corporation click any of the following:

• SINA Corporation Stock Price

• SINA Corporation Analyst Ratings

• SINA Corporation Key Stats & Profile

• SINA Corporation Earnings

• SINA Corporation Ratio Comparison

• SINA Corporation Growth Rates

• SINA Corporation Balance Sheet

• SINA Corporation Cash Flow

• SINA Corporation Income Statement