3 Stocks Pushing The Telecommunications Industry Lower

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The Telecommunications industry as a whole closed the day down 0.5% versus the S&P 500, which was down 0.3%. Laggards within the Telecommunications industry included Sajan ( SAJA), down 5.2%, Glowpoint ( GLOW), down 1.6%, Internet Gold Golden Lines ( IGLD), down 5.7%, Internet Initiative Japan ( IIJI), down 1.9% and Hong Kong Television Network ( HKTV), down 3.7%.

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

Internet Gold Golden Lines ( IGLD) is one of the companies that pushed the Telecommunications industry lower today. Internet Gold Golden Lines was down $0.54 (5.7%) to $8.90 on heavy volume. Throughout the day, 12,521 shares of Internet Gold Golden Lines exchanged hands as compared to its average daily volume of 4,000 shares. The stock ranged in price between $8.79-$9.09 after having opened the day at $9.09 as compared to the previous trading day's close of $9.44.

Internet Gold Golden Lines has a market cap of $176.3 million and is part of the technology sector. Shares are up 7.2% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close, Glowpoint ( GLOW) was down $0.02 (1.6%) to $1.27 on average volume. Throughout the day, 25,359 shares of Glowpoint exchanged hands as compared to its average daily volume of 26,200 shares. The stock ranged in price between $1.26-$1.31 after having opened the day at $1.29 as compared to the previous trading day's close of $1.29.

Glowpoint has a market cap of $45.9 million and is part of the technology sector. Shares are down 6.5% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Sajan ( SAJA) was another company that pushed the Telecommunications industry lower today. Sajan was down $0.26 (5.2%) to $4.79 on heavy volume. Throughout the day, 4,125 shares of Sajan exchanged hands as compared to its average daily volume of 2,500 shares. The stock ranged in price between $4.79-$5.10 after having opened the day at $5.05 as compared to the previous trading day's close of $5.05.

Sajan has a market cap of $20.7 million and is part of the technology sector. Shares are down 12.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Sajan a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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