3 Stocks Pushing The Technology Sector Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.4%, and Telecom Italia SpA ( TI.A), down 3.0%. Top gainers within the sector include SunEdison ( SUNE), up 8.1%, SolarCity ( SCTY), up 7.5%, Vipshop Holdings ( VIPS), up 7.2%, Yandex ( YNDX), up 5.9% and Avago Technologies ( AVGO), up 4.7%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $0.63 (-0.9%) to $68.41 on average volume. Thus far, 29,042 shares of BT Group exchanged hands as compared to its average daily volume of 71,600 shares. The stock has ranged in price between $68.21-$68.67 after having opened the day at $68.63 as compared to the previous trading day's close of $69.04.

BT Group plc provides communications services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment offers managed networked IT and consulting services to large corporate and public sector customers. BT Group has a market cap of $54.2 billion and is part of the telecommunications industry. Shares are up 9.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate BT Group a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full BT Group Ratings Report now.

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