LinkedIn Corp (LNKD): Today's Featured Technology Laggard

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.

LinkedIn ( LNKD) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.5%. By the end of trading, LinkedIn fell $5.49 (-2.3%) to $236.33 on average volume. Throughout the day, 1,723,670 shares of LinkedIn exchanged hands as compared to its average daily volume of 1,932,300 shares. The stock ranged in price between $233.98-$241.75 after having opened the day at $241.40 as compared to the previous trading day's close of $241.82. Other companies within the Technology sector that declined today were: Silver Spring Networks ( SSNI), down 29.8%, Cree ( CREE), down 22.4%, Blonder Tongue Laboratories ( BDR), down 17.9% and OCZ Technology Group ( OCZ), down 14.4%.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.5 billion and is part of the internet industry. Shares are up 108.7% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, Voltari ( VLTC), up 1449.3%, Dataram Corporation ( DRAM), up 20.4%, xG Technology ( XGTI), up 20.0% and Pointer Telocation ( PNTR), up 18.4% , were all gainers within the technology sector with Advanced Micro Devices ( AMD) being today's featured technology sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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