Groupon Inc (GRPN): Today's Featured Technology Winner

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.

Groupon ( GRPN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.2%. By the end of trading, Groupon rose $0.50 (5.6%) to $9.34 on average volume. Throughout the day, 17,722,075 shares of Groupon exchanged hands as compared to its average daily volume of 17,161,900 shares. The stock ranged in a price between $8.83-$9.36 after having opened the day at $8.87 as compared to the previous trading day's close of $8.84. Other companies within the Technology sector that increased today were: Interphase ( INPH), up 51.8%, Friendfinder Networks ( FFN), up 31.6%, Wave Systems Corporation ( WAVX), up 18.5% and SPS Commerce ( SPSC), up 16.0%.

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. The company also offers deals on products for which it acts as the merchant of record. Groupon has a market cap of $5.7 billion and is part of the internet industry. Shares are up 79.0% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Groupon a buy, 6 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Groupon as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow.

On the negative front, Hutchinson Technology ( HTCH), down 30.8%, SatCon Technology Corporation ( SATC), down 16.7%, TeleCommunication Systems ( TSYS), down 14.5% and Zynga ( ZNGA), down 14.0% , were all laggards within the technology sector with SolarWinds ( SWI) being today's technology sector laggard.

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).

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