Shares of LinkedIn Corporation (LNKD) Sees Large Outflow of Money

LinkedIn Corporation (LNKD) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.75 million) and the uptick to downtick ratio was 0.58. The transaction value on upticks was $13.7 million and on downticks, the transaction value was $23.45 million. The transaction value of block trades during downticks was $8.52 million. The money flow was negative ($8.52 million), indicating the traders were booking profit on the price strength. LinkedIn Corporation (LNKD) rose $0.01 at $189.87, during intraday Wednesday , a rise of 0.01% over the previous days close.


Also, Equity Analysts at the UBS downgrades the rating on LinkedIn Corporation (NYSE:LNKD). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency raises the price target from $175 per share to $196 per share. The rating by the firm was issued on June 15, 2016.

LinkedIn Corporation (NYSE:LNKD): The stock opened at $189.69 on Wednesday but the bulls could not build on the opening and the stock topped out at $189.95 for the day. The stock traded down to $189.50 during the day, due to lack of any buying support eventually closed down at $189.55 with a loss of -0.16% for the day. The stock had closed at $189.86 on the previous day. The total traded volume was 883,544 shares.

The stock has recorded a 20-day Moving Average of 0.21% and the 50-Day Moving Average is 17.33%. In a related news, Wadors Patricia L, officer (SVP Global Talent Organization) of Linkedin Corp, unloaded 1,065 shares at an average price of $190.26 on July 12, 2016. The total amount of the transaction was worth $202,627, according to the disclosed information 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.