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 0.1%. By the end of trading, Yelp fell $1.54 (-2.4%) to $62.39 on average volume. Throughout the day, 3,018,167 shares of Yelp exchanged hands as compared to its average daily volume of 3,748,600 shares. The stock ranged in price between $60.75-$64.90 after having opened the day at $64.07 as compared to the previous trading day's close of $63.93. Other companies within the Internet industry that declined today were:
), down 8.0%,
), down 7.8%,
), down 7.7% and
), down 5.5%.
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Yelp, Inc. operates Yelp.com, an online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know. Yelp has a market cap of $3.6 billion and is part of the technology sector. Shares are up 239.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Yelp a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and feeble growth in its earnings per share.
- You can view the full Yelp Ratings Report.
On the positive front,
), up 13.8%,
), up 6.1%,
), up 6.0% and
), up 4.2% , 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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