3 Stocks Pushing The Telecommunications Industry Lower

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The Telecommunications industry as a whole closed the day down 2.0% versus the S&P 500, which was down 1.6%. Laggards within the Telecommunications industry included Maxcom Telecomunicaciones SAB de CV ( MXT), down 5.3%, Sajan ( SAJA), down 2.9%, Glowpoint ( GLOW), down 2.3%, Internet Gold Golden Lines ( IGLD), down 2.3% and Internet Initiative Japan ( IIJI), down 2.2%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Glowpoint ( GLOW) is one of the companies that pushed the Telecommunications industry lower today. Glowpoint was down $0.03 (2.3%) to $1.29 on average volume. Throughout the day, 31,000 shares of Glowpoint exchanged hands as compared to its average daily volume of 26,400 shares. The stock ranged in price between $1.26-$1.32 after having opened the day at $1.32 as compared to the previous trading day's close of $1.32.

Glowpoint has a market cap of $47.0 million and is part of the technology sector. Shares are down 4.3% year-to-date as of the close of trading on Wednesday.

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