LinkedIn Corporation (LNKD) : Mondays money flow data in LinkedIn Corporation (LNKD) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $99.3 million, whereas, $42.32 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.35, in favor of the bulls. The total money flow into the stock was $56.98 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $53.64 million. The total value of block trades done on upticks was $57.47 million. The value of bearish trades on downticks was only $3.83 million.The up/down ratio in the block trades was a healthy 15 in favor of the bulls, suggesting strong buying in the stock by large traders. LinkedIn Corporation (LNKD) fell $0.19 and traded at $191.61, down -0.1% for the day, over previous days close. On a weekly basis, the shares are -0.28% over the previous weeks close.
LinkedIn Corporation has dropped 0.37% in the last five trading days, however, the shares have posted positive gains of 0.79% in the last 4 weeks. LinkedIn Corporation is up 48.14% in the last 3-month period. Year-to-Date the stock performance stands at -15.11%.
LinkedIn Corporation (NYSE:LNKD): The stock opened at $191.52 on Monday but the bulls could not build on the opening and the stock topped out at $191.67 for the day. The stock traded down to $190.96 during the day, due to lack of any buying support eventually closed down at $191.06 with a loss of -0.29% for the day. The stock had closed at $191.61 on the previous day. The total traded volume was 1,153,322 shares.
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.