LinkedIn Corporation (LNKD) has risen sharply, recording gains of 1.08% in the past 4 weeks. However, the stock has corrected -0.28% 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 0.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.05% and the 50-Day Moving Average is 4.7%. LinkedIn Corporation (NYSE:LNKD): On Fridays trading session , Opening price of the stock was $191.86 with an intraday high of $191.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $191.35. However, the stock managed to close at $191.61, a loss of 0.10% for the day. On the previous day, the stock had closed at $191.8. The total traded volume of the day was 1,639,571 shares.
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 -4.06% . Institutional Investors own 65.85% of LinkedIn Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.63%. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on LinkedIn Corporation (NYSE:LNKD). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $140 per share to $196 per share. 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.