Facebook Inc Class A (FB): Today's Featured Internet Winner

Facebook Inc Class A ( FB) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 2.1%. By the end of trading, Facebook Inc Class A rose $0.37 (1.4%) to $26.28 on light volume. Throughout the day, 24,127,990 shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 36,785,700 shares. The stock ranged in a price between $25.65-$26.43 after having opened the day at $25.93 as compared to the previous trading day's close of $25.91. Other companies within the Internet industry that increased today were: Deltathree ( DDDC), up 120.6%, SouFun Holdings ( SFUN), up 7.3%, Travelzoo ( TZOO), up 7.3% and Bankrate ( RATE), up 7.2%.

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $45.2 billion and is part of the technology sector. Shares are down 3.0% year to date as of the close of trading on Friday. Currently there are 23 analysts that rate Facebook Inc Class A a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

On the negative front, MeetMe ( MEET), down 6.7%, Mediabistro ( MBIS), down 5.7%, ChinaNet Online Holdings ( CNET), down 5.6% and Phoenix New Media ( FENG), down 3.3% , were all laggards within the internet industry with Mercadolibre ( MELI) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

10 States Where the Wealthiest Executives Call Home

L.A. Times Tops 100,000 in Digital Subscriptions

Strange Days at Apple

7 Essential Rules for Investing in Tech Stocks

Facebook Agrees to Hand Over Russian-Backed Ads From U.S. Election to Congress