WWWW, BRCM And MSFT, Pushing Technology Sector Downward

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One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include TELUS ( TU), down 1.2%, Eaton ( ETN), down 1.1%, LM Ericsson Telephone Company ( ERIC), down 1.0%, BT Group ( BT), down 0.7% and Verizon Communications ( VZ), down 0.7%. Top gainers within the sector include LG Display ( LPL), up 3.8%, Baidu ( BIDU), up 3.4%, Facebook ( FB), up 2.4%, China Telecom ( CHA), up 2.1% and Corning ( GLW), up 1.8%.

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

3. Web.com Group ( WWWW) is one of the companies pushing the Technology sector lower today. As of noon trading, Web.com Group is down $7.10 (-20.5%) to $27.50 on heavy volume. Thus far, 5.5 million shares of Web.com Group exchanged hands as compared to its average daily volume of 496,900 shares. The stock has ranged in price between $26.32-$31.05 after having opened the day at $31.05 as compared to the previous trading day's close of $34.60.

Web.com Group, Inc. provides Internet services to small businesses in North America, South America, and the United Kingdom. The company offers a range of Web services and products that enable small businesses to establish, maintain, promote, and optimize their online presence. Web.com Group has a market cap of $1.8 billion and is part of the internet industry. Shares are up 8.8% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Web.com Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Web.com Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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 has favored debt over equity in the management of its balance sheet. Get the full Web.com Group Ratings Report now.

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