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 higher today making it today's featured internet winner. The industry as a whole closed the day up 1.0%. By the end of trading, IAC/InterActiveCorp rose $8.40 (14.0%) to $68.49 on heavy volume. Throughout the day, 8,392,706 shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1,213,500 shares. The stock ranged in a price between $63.75-$70.44 after having opened the day at $64.10 as compared to the previous trading day's close of $60.09. Other companies within the Internet industry that increased today were:
), up 9.8%,
), up 8.5%,
), up 8.2% and
), up 6.7%.
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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 $4.6 billion and is part of the technology sector. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full IAC/InterActiveCorp Ratings Report.
On the negative front,
), down 3.8%,
), down 3.5%,
), down 3.1% and
), down 2.5% , 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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