Sprint Nextel Corp (S): Today's Featured Technology Winner - TheStreet

Sprint Nextel

(

S

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.6%. By the end of trading, Sprint Nextel rose 13 cents (4.2%) to $3.26 on average volume. Throughout the day, 44.6 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 51 million shares. The stock ranged in a price between $3.10-$3.26 after having opened the day at $3.14 as compared to the previous trading day's close of $3.13. Other companies within the Technology sector that increased today were:

Enova Systems

(

ENA

), up 87.5%,

Helios & Matheson Information Technology In

(

HMNY

), up 37.5%,

Uni-pixel

(

UNXL

), up 19.3%, and

LiveDeal

(

LIVE

), up 16.8%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Sprint Nextel Corporation, together with its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. Sprint Nextel has a market cap of $9.39 billion and is part of the

telecommunications

industry. Shares are up 33.8% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the negative front,

Orbotech

(

ORBK

), down 14.1%,

A123 Systems

(

AONE

), down 12.9%,

Hutchinson Technology

(

HTCH

), down 12.3%, and

Daqo New Energy

(

DQ

), down 10.3%, were all losers within the technology sector with

F5 Networks

(

FFIV

) 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

).

null