Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
Groupon (
GRPN) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.9%. By the end of trading, Groupon rose 15 cents (2.9%) to $5.27 on light volume. Throughout the day, 13.8 million shares of Groupon exchanged hands as compared to its average daily volume of 18.9 million shares. The stock ranged in a price between $5.14-$5.33 after having opened the day at $5.15 as compared to the previous trading day's close of $5.12. Other companies within the Internet industry that increased today were:
Selectica (
SLTC), up 10.1%,
Zynga Inc Class A (
ZNGA), up 9.1%,
Yelp Inc Class A (
YELP), up 6.8%, and
Friendfinder Networks (
FFN), up 6%.
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Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. Groupon has a market cap of $3.24 billion and is part of the technology sector. Shares are up 2.1% year to date as of the close of trading on Thursday. Currently there is one analyst that rates Groupon a buy, three analysts rate it a sell, and 20 rate it a hold.
TheStreet Ratings rates Groupon as a
sell. The area that we feel has been the company's primary weakness has been its poor profit margins.
On the negative front,
ModusLink Global Solutions (
MLNK), down 7.3%,
support.com (
SPRT), down 5.5%,
Vipshop Holdings Ltd ADR (
VIPS), down 4.4%, and
Remark Media (
MARK), down 3.8%, were all laggards within the internet industry with
Akamai Technologies (
AKAM) being today's internet industry laggard.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx (
FDN) while those bearish on the internet industry could consider
ProShares Ultra Short Technology (
REW).
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