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 up 0.2%. By the end of trading, LinkedIn fell $2.25 (-1.1%) to $197.04 on light volume. Throughout the day, 1,512,718 shares of LinkedIn exchanged hands as compared to its average daily volume of 2,166,700 shares. The stock ranged in price between $194.11-$200.87 after having opened the day at $200.00 as compared to the previous trading day's close of $199.29. Other companies within the Internet industry that declined today were:
), down 5.9%,
), down 4.3%,
), down 3.8% and
), down 3.7%.
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LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $18.7 billion and is part of the technology sector. Shares are up 73.6% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates
. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full LinkedIn Ratings Report.
On the positive front,
), up 15.0%,
), up 12.6%,
), up 7.2% and
), up 6.0% , were all gainers within the internet industry with
) being today's featured internet industry leader.
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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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