LinkedIn insiders sell 120,334 shares

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Bobby Raines 12/19/2013

A pair of insiders at LinkedIn ( LNKD ) 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.

IK-> 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


This article appears in: Investing , Options

Referenced Stocks: LNKD

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