3 Stocks Pushing The Technology Sector Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 146 points (0.9%) at 16,972 as of Tuesday, July 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,159 issues advancing vs. 828 declining with 170 unchanged.

The Technology sector currently sits up 1.3% versus the S&P 500, which is up 0.8%. A company within the sector that fell today was Tim Participacoes ( TSU), up 2.9%. Top gainers within the sector include 3D Systems ( DDD), up 13.1%, Stratasys ( SSYS), up 10.9%, Micron Technology ( MU), up 4.2%, Seagate Technology ( STX), up 3.8% and SK Telecom ( SKM), up 3.7%.

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

3. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Technology sector lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.53 (-3.4%) to $15.07 on heavy volume. Thus far, 298,583 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 371,000 shares. The stock has ranged in price between $14.99-$15.12 after having opened the day at $15.05 as compared to the previous trading day's close of $15.60.

Turkcell Iletisim Hizmetleri AS establishes and operates a Global System for Mobile Communications (GSM) network in Turkey and regional states. It operates through three segments: Turkcell, Euroasia, and Belarusian Telecom. Turkcell Iletisim Hizmetleri AS has a market cap of $13.8 billion and is part of the telecommunications industry. Shares are up 16.9% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Turkcell Iletisim Hizmetleri AS Ratings Report now.

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