A pair of insiders at
recently made some big sales of the company's common stock.
Co-founder Reid Hoffman and CEO Jeff Weiner both sold shares on
Dec. 17 that they acquired converting class B shares into Class A
shares. Weiner sold 37,000 shares at prices between $224.25 and
$228.85 for a total of $8,332,935. Hoffman sold 83,334 shares at
prices between $224.24 and $228.94 for a total of $18,767,736.
The technicals for LNKD ($219.09 up 3.67) are bullish with a
downward trend. Recent support has been around $208.28 and recent
resistance has been around $235.41. Standard & Poor's does
not follow the stock. Look at the Jan. 255/260 bear-call spread
for a 20-cent credit. That's a 4.17% return and the stock has to
rise 16.4% to cause a problem. [InvestorsKeyhole, Various
news and data services]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Originally published on InvestorsObserver.com