SINA Corporation (SINA): 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.

SINA Corporation ( SINA) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole was unchanged today. By the end of trading, SINA Corporation fell $2.24 (-3.5%) to $61.92 on heavy volume. Throughout the day, 5,682,155 shares of SINA Corporation exchanged hands as compared to its average daily volume of 3,452,700 shares. The stock ranged in price between $61.83-$65.30 after having opened the day at $65.02 as compared to the previous trading day's close of $64.16. Other companies within the Technology sector that declined today were: Microvision ( MVIS), down 14.9%, Sky-mobi ( MOBI), down 13.3%, Himax Technologies ( HIMX), down 11.4% and Cover-All Technologies ( COVR), down 9.1%.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $4.4 billion and is part of the internet industry. Shares are down 23.9% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Plug Power ( PLUG), up 49.0%, Varonis Systems ( VRNS), up 19.9%, Coupons.com Incorporated ( COUP), up 11.9% and Professional Diversity Network ( IPDN), up 11.0% , were all gainers within the technology sector with Cisco Systems ( CSCO) 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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