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5 Stocks Pushing The Technology Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 12,949 as of Tuesday, Nov. 27, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,183 declining with 148 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Seagate Technology ( STX), down 3.9%, Telecom Italia SpA ADR ( TI.A), down 3.2%, Telecom Italia SpA ( TI), down 3.1%, Red Hat ( RHT), down 2.5% and Mobile Telesystems OJSC ( MBT), down 2.5%. Top gainers within the sector include Corning ( GLW), up 7.6%, Wipro ( WIT), up 2.2%, ASML ( ASML), up 1.6%, Taiwan Semiconductor Manufacturing ( TSM), up 1.3% and Google ( GOOG), up 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Research in Motion ( RIMM) is one of the companies pushing the Technology sector lower today. As of noon trading, Research in Motion is down $0.73 (-6.1%) to $11.25 on heavy volume Thus far, 42.6 million shares of Research in Motion exchanged hands as compared to its average daily volume of 25.6 million shares. The stock has ranged in price between $11.02-$12.00 after having opened the day at $11.98 as compared to the previous trading day's close of $11.98.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.0 billion and is part of the telecommunications industry. Shares are down 19.6% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Research in Motion a buy, 11 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Research in Motion Ratings Report now.

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