LinkedIn Corporation (LNKD) has risen sharply, recording gains of 0.82% in the past 4 weeks. However, the stock has corrected -0.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
LinkedIn Corporation is up 52.52% in the last 3-month period. Year-to-Date the stock performance stands at -14.92%. The stock has recorded a 20-day Moving Average of 0.23% and the 50-Day Moving Average is 1.51%.
LinkedIn Corporation (NYSE:LNKD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $191.31 and $191.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $191.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $191.50, notching a gain of 0.07% for the day. The total traded volume was 889,042 . The stock had closed at $191.36 on the previous day.
Also, Major Brokerage house, Citigroup maintains its ratings on LinkedIn Corporation (NYSE:LNKD). In the latest research report, Citigroup raises the target price from $140 per share to $196 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 18, 2016.
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.