) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 1.1%. By the end of trading, SINA Corporation rose 37 cents (0.7%) to $51.48 on light volume. Throughout the day, 1.6 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in a price between $51.07-$52.70 after having opened the day at $51.76 as compared to the previous trading day's close of $51.11. Other companies within the Internet industry that increased today were:
), up 17.9%,
), up 9.7%,
), up 7.9%, and
), up 6.9%.
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SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. SINA Corporation has a market cap of $3.47 billion and is part of the
sector. Shares are down 1.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate SINA Corporation a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates SINA Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
- You can view the full SINA Ratings Report.
On the negative front,
), down 4.2%,
), down 4%,
), down 2.6%, and
), down 2.3%, were all losers within the internet industry with
) being today's internet industry loser.
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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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