Sector Update: Social Media Stocks Take Another Hit, But Most Still At High End of 52 Week Ranges

By Staff,

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Social Media stocks ( SOCL ) are getting hit again, down 4.5% today following yesterday's 1.8% decline. Today's sell-off is much greater than the weakness in the general market which is off 0.7% ( SPX ). However, year-to-date these high flying stocks are up 50.6%, more than doubling the general market's advance of 19.4%.

Taking the biggest hits are Yelp Inc ( YELP ), down 9%; Angie's List ( ANGI ) down 9.3%; LinkedIn Corp ( LNKD ) down 7.5% on a sell rating reiterated at TheStreet; Facebook Inc (FB) down 6.2%; and Groupon (GRPN) down 5% likely on negative comments from multiple sources suggests there are better stocks to consider.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ANGI , LNKD , SOCL , SPX , YELP

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