Yelp Inc (YELP): 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.

Yelp ( YELP) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.9%. By the end of trading, Yelp fell $0.93 (-1.4%) to $64.87 on average volume. Throughout the day, 4,195,055 shares of Yelp exchanged hands as compared to its average daily volume of 4,321,700 shares. The stock ranged in price between $63.80-$66.28 after having opened the day at $64.81 as compared to the previous trading day's close of $65.80. Other companies within the Technology sector that declined today were: Travelzoo ( TZOO), down 9.3%, UBIC ( UBIC), down 9.1%, Intellicheck Mobilisa ( IDN), down 6.3% and TigerLogic Corporation ( TIGR), down 5.4%.

Yelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. Yelp has a market cap of $3.8 billion and is part of the internet industry. Shares are down 4.6% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Yelp a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Yelp as a sell. The area that we feel has been the company's primary weakness has been its disappointing return on equity.

On the positive front, Digital Power Corporation ( DPW), up 34.7%, LiveDeal ( LIVE), up 23.6%, Elephant Talk Communications ( ETAK), up 12.5% and support.com ( SPRT), up 11.5% , were all gainers within the technology sector with Qualcomm ( QCOM) 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.

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%