Sprint Nextel

(

S

) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 0.8%. By the end of trading, Sprint Nextel fell 9 cents (-3.6%) to $2.38 on light volume. Throughout the day, 22.5 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 66.2 million shares. The stock ranged in price between $2.34-$2.58 after having opened the day at $2.52 as compared to the previous trading day's close of $2.47. Other company's within the Technology sector that declined today were:

Recon Technology

(

RCON

), down 19.2%,

Sevcon Inc

(

SEV

), down 18%,

Tech/Ops Sevcon Inc

(

TO

), down 18%, and

Daystar Technologies Inc

(

DSTI

), down 14.3%.

Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $7.4 billion and is part of the

telecommunications

industry. Shares are down 41.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Sprint Nextel as a

sell

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

On the positive front,

Banks.com Inc

(

BNX

), up 16.4%,

Bridgeline Digital Inc

(

BLIN

), up 13.6%,

Tegal Corporation

(

TGAL

), up 12.4%, and

Chyron Corporation

(

CHYR

), up 12.2%, were all gainers within the technology sector with

American Tower

(

AMT

) being today's featured technology sector winner.

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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