Large Outflow of Money Witnessed in LinkedIn Corporation

LinkedIn Corporation (LNKD) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($10.22 million) and the uptick to downtick ratio was 0.62. The transaction value on upticks was $16.98 million and on downticks, the transaction value was $27.2 million. The transaction value of block trades during downticks was $11.38 million. The money flow was negative ($11.38 million), indicating the traders were booking profit on the price strength. LinkedIn Corporation (LNKD) rose $0.38 at $189.95, during intraday Friday , a rise of 0.2% over the previous days close.


LinkedIn Corporation (LNKD) : Average target price received by LinkedIn Corporation (LNKD) is $200.64 with an expected standard deviation of $37.32. The most aggressive target on the stock is $300, whereas the most downbeat target is $130. 22 financial analysts are currently covering the stock.

LinkedIn Corporation (NYSE:LNKD): stock turned positive on Friday. Though the stock opened at $189.57, the bulls momentum made the stock top out at $189.98 level for the day. The stock recorded a low of $189.57 and closed the trading day at $189.95, in the green by 0.20%. The total traded volume for the day was 594,160. The stock had closed at $189.57 in the previous days trading.

In a related news,The officer (SVP, Global Solutions) of Linkedin Corp, Gamson Michael sold 2,596 shares at $189.36 on July 18, 2016. The Insider selling transaction had a total value worth of $491,579. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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