3 Stocks Pushing The Internet Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Internet industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that fell today was eBay ( EBAY), up 0.6%.

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

3. Vipshop Holdings ( VIPS) is one of the companies pushing the Internet industry lower today. As of noon trading, Vipshop Holdings is down $4.02 (-2.5%) to $155.64 on average volume. Thus far, 660,676 shares of Vipshop Holdings exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $154.00-$161.99 after having opened the day at $161.04 as compared to the previous trading day's close of $159.66.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. Vipshop Holdings has a market cap of $8.3 billion and is part of the services sector. Shares are up 78.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Vipshop Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Vipshop Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Vipshop Holdings Ratings Report now.

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