Facebook Inc Class A (FB): 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.

Facebook Inc Class A ( FB) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.4%. By the end of trading, Facebook Inc Class A rose $0.69 (1.9%) to $37.49 on heavy volume. Throughout the day, 105,278,452 shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 47,038,200 shares. The stock ranged in a price between $36.92-$38.29 after having opened the day at $37.30 as compared to the previous trading day's close of $36.80. Other companies within the Technology sector that increased today were: Kingtone Wirelessinfo Solution ( KONE), up 49.8%, SatCon Technology Corporation ( SATC), up 44.4%, LiveDeal ( LIVE), up 24.8% and Yelp ( YELP), up 23.2%.

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 $68.4 billion and is part of the internet industry. Shares are up 41.4% year to date as of the close of trading on Wednesday. Currently there are 26 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

On the negative front, Sungame ( SGMZ), down 20.5%, Iridium Communications ( IRDM), down 18.6%, Deltathree ( DDDC), down 15.5% and Cbeyond ( CBEY), down 14.4% , were all laggards within the technology sector with First Solar ( FSLR) 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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