Leap Wireless International Inc. (LEAP): Today's Featured Technology Winner - TheStreet

Leap Wireless International

(

LEAP

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.7%. By the end of trading, Leap Wireless International rose 20 cents (3.4%) to $6 on light volume. Throughout the day, 1.7 million shares of Leap Wireless International exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $5.70-$6.17 after having opened the day at $5.80 as compared to the previous trading day's close of $5.81. Other companies within the Technology sector that increased today were:

Overland Storage

(

OVRL

), up 31.8%,

Globalstar Incorporated

(

GSAT

), up 27.9%,

Giga-tronics

(

GIGA

), up 23.1%, and

Hoku

(

HOKU

), up 20.5%.

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Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the 'Cricket' brand name in the United States. The company offers unlimited local and the U.S. Leap Wireless International has a market cap of $450.7 million and is part of the

telecommunications

industry. Shares are down 37.5% year to date as of the close of trading on Friday. Currently there is one analyst that rates Leap Wireless International a buy, two analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Leap Wireless International as a

sell

. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, generally disappointing historical performance in the stock itself and generally weak debt management.

On the negative front,

Ambient Corporation

(

AMBT

), down 25.2%,

GeoEye

(

GEOY

), down 22.4%,

B Communications

(

BCOM

), down 15.6%, and

Spire Corporation

(

SPIR

), down 12.9%, were all losers within the technology sector with

America Movil S.A.B. de C.V

(

AMX

) being today's technology sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

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