IAC/InterActiveCorp (IACI): Today's Featured Internet Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.1%. By the end of trading, IAC/InterActiveCorp fell $2.02 (-3.8%) to $50.61 on heavy volume. Throughout the day, 3,682,731 shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1,055,700 shares. The stock ranged in price between $48.65-$53.31 after having opened the day at $52.95 as compared to the previous trading day's close of $52.63. Other companies within the Internet industry that declined today were:
(
), down 16.3%,
(
), down 11.2%,
(
), down 9.8% and
(
), down 7.7%.
IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. IAC/InterActiveCorp has a market cap of $4.3 billion and is part of the technology sector. Shares are up 9.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
IAC/InterActiveCorp
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full IAC/InterActiveCorp Ratings Report.
On the positive front,
(
), up 16.6%,
(
), up 12.8%,
(
), up 10.3% and
(
), up 8.2% , were all gainers within the internet industry with
(
) being today's featured internet industry leader.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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