3 Stocks Pushing The Telecommunications Industry Lower

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The Telecommunications industry as a whole closed the day up 0.2% versus the S&P 500, which was down 0.5%. Laggards within the Telecommunications industry included Glowpoint ( GLOW), down 1.9%, RIT Technologies ( RITT), down 4.0%, Internet Gold Golden Lines ( IGLD), down 1.5%, iPass ( IPAS), down 1.7% and Westell Technologies ( WSTL), down 2.4%.

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 $0.07 (1.5%) to $4.58 on light volume. Throughout the day, 4,800 shares of Internet Gold Golden Lines exchanged hands as compared to its average daily volume of 8,500 shares. The stock ranged in price between $4.55-$4.75 after having opened the day at $4.60 as compared to the previous trading day's close of $4.65.

Internet Gold Golden Lines has a market cap of $90.3 million and is part of the technology sector. Shares are down 31.1% year-to-date as of the close of trading on Thursday.

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, RIT Technologies ( RITT) was down $0.04 (4.0%) to $0.96 on light volume. Throughout the day, 11,390 shares of RIT Technologies exchanged hands as compared to its average daily volume of 25,600 shares. The stock ranged in price between $0.96-$1.00 after having opened the day at $0.98 as compared to the previous trading day's close of $1.00.

RIT Technologies has a market cap of $13.4 million and is part of the technology sector. Shares are up 4.2% year-to-date as of the close of trading on Thursday.

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

Glowpoint ( GLOW) was another company that pushed the Telecommunications industry lower today. Glowpoint was down $0.02 (1.9%) to $1.02 on light volume. Throughout the day, 6,775 shares of Glowpoint exchanged hands as compared to its average daily volume of 18,900 shares. The stock ranged in price between $1.00-$1.03 after having opened the day at $1.03 as compared to the previous trading day's close of $1.04.

Glowpoint has a market cap of $35.8 million and is part of the technology sector. Shares are down 5.5% year-to-date as of the close of trading on Thursday.

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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