LinkedIn Corporation (NYSE:LNKD) has climbed 45.56% in the past week and advanced 51.96% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 47.31% and the outperformance has advanced to 50.57% for the last 4 weeks period.
LinkedIn Corporation (NYSE:LNKD): The stock opened at $191.30 on Friday but the bulls could not build on the opening and the stock topped out at $191.40 for the day. The stock traded down to $190.80 during the day, due to lack of any buying support eventually closed down at $190.80 with a loss of -0.28% for the day. The stock had closed at $191.33 on the previous day. The total traded volume was 4,020,550 shares.
The company shares have dropped -12.13% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $258.39 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $138.18 and the 200 Day Moving Average price is recorded at $153.93.
On the companys insider trading activities,The officer (SVP, Global Solutions) of Linkedin Corp, Gamson Michael sold 3,226 shares at $191.38 on June 16, 2016. The Insider selling transaction had a total value worth of $617,392. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, UBS, downgrades their rating on the shares of LinkedIn Corporation (NYSE:LNKD). UBS has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $196 per share from a prior target of $175. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 12.72% of LinkedIn Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.23% . Institutional Investors own 72.37% of LinkedIn Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 39.09%.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet. The Companys three product lines include Talent Solutions, Marketing Solutions and Premium Subscriptions. All three product lines are sold through two channels, an offline field sales organization, which engages with both large and small enterprise customers, as well as an online, self-serve channel, which includes enterprise customers and individual members purchasing subscriptions. The Companys solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity, service to build and engage with professional networks, access to knowledge, insights and opportunities and ubiquitous access. The Company also provides other solutions, which provide members, enterprises and professional organizations with functionality and additional benefits.