3 Stocks Dragging In The Technology Sector

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Technology sector currently sits down 0.6% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include AthenaHealth ( ATHN), down 13.4%, Yelp ( YELP), down 7.5%, TripAdvisor ( TRIP), down 3.3%, NetApp ( NTAP), down 2.3% and Amazon.com ( AMZN), down 2.2%. Top gainers within the sector include Avago Technologies ( AVGO), up 4.8%, 3D Systems ( DDD), up 4.5%, Alcatel-Lucent ( ALU), up 3.3%, Taiwan Semiconductor Manufacturing ( TSM), up 1.9% and Micron Technology ( MU), up 1.2%.

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

3. LinkedIn Corp Class A ( LNKD) is one of the companies pushing the Technology sector lower today. As of noon trading, LinkedIn Corp Class A is down $5.01 (-3.3%) to $145.90 on average volume. Thus far, 2.1 million shares of LinkedIn Corp Class A exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $145.40-$151.26 after having opened the day at $150.48 as compared to the previous trading day's close of $150.91.

LinkedIn Corporation operates an online professional network. LinkedIn Corp Class A has a market cap of $15.5 billion and is part of the internet industry. Shares are down 30.4% year-to-date as of the close of trading on Monday. Currently there are 21 analysts that rate LinkedIn Corp Class A a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates LinkedIn Corp Class A as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income, disappointing return on equity and premium valuation. Get the full LinkedIn Corp Class A Ratings Report now.

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