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
) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 0.3%. By the end of trading, IAC/InterActiveCorp rose $0.91 (1.8%) to $51.38 on average volume. Throughout the day, 1,157,801 shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1,172,800 shares. The stock ranged in a price between $49.87-$51.41 after having opened the day at $50.07 as compared to the previous trading day's close of $50.47. Other companies within the Internet industry that increased today were:
), up 13.3%,
), up 12.7%,
), up 3.9% and
), up 3.1%.
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IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. IAC/InterActiveCorp has a market cap of $4.2 billion and is part of the technology sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 2 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full IAC/InterActiveCorp Ratings Report.
On the negative front,
), down 24.6%,
), down 6.2%,
), down 5.5% and
), down 4.9% , were all laggards within the internet industry with
) being today's internet industry laggard.
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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
) while those bearish on the internet industry could consider
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