The conglomerates sector closed the day up 2.7%. Were all decliners today within the conglomerates sector with MGT Capital Investments Inc ( MGT) being today's featured conglomerates loser. MGT Capital Investments Inc fell 0 cents (-10.9%) to 5 cents on heavy volume. Throughout the day, 215,670 shares of MGT Capital Investments Inc exchanged hands as compared to its average daily volume of 73,600 shares. MGT Capital Investments, Inc., together with its subsidiaries, operates as a medical technology company focusing on medical imaging software development and medical hardware devices. MGT Capital Investments Inc has a market cap of $2 million and is part of the conglomerates industry. Shares are down 82.7% year to date as of the close of trading on Wednesday. TheStreet Ratings rates MGT Capital Investments 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.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series one ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).