Price of linkedin stock6/12/2023 ![]() This sharp increase is only one of the reasons that so many investors are interested in this particular company. Two years later and we’re in 2022, where the company’s recent revenue projections showed that the company expected to produce more than $13.6 billion in annual revenue. In 2020’s calendar year, LinkedIn reported a revenue of approximately $8 billion dollars. In December of 2016, LinkedIn was delisted from the stock market and all active shareholders were compensated about $196 per share. Microsoft spent more than $26 billion dollars to complete the purchase. In December of 2016, Microsoft announced the completion of its deal to acquire LinkedIn. Microsoft hasn’t always owned the LinkedIn brand. Has Microsoft Always Been LinkedIn’s Parent Company? If you’re curious as to why, it’s because Microsoft Corporation bought out LinkedIn several years ago. LinkedIn was founded back in 2002 and has been in operation for two decades.Įxperienced investors may remember seeing LinkedIn’s stock symbol in the past, but that is no longer the case. Investors won’t directly find a LinkedIn stock symbol anymore, but there is a way to indirectly invest in this company through its new parent organization. The company is now headquartered out of Sunnyvale, California. The company was founded in Mountain View, California in 2002. LinkedIn stock: LinkedIn is well known as an online network that promotes job listings and employees seeking work. Has Microsoft Always Been LinkedIn’s Parent Company?.Walt Disney Co: Make Money With the Magic of DIS Stock.For additional market insights and related musings, follow Chris on Twitter More From InvestorPlace The information offered is based upon Christopher Tyler’s observations and strictly intended for educational purposes only the use of which is the responsibility of the individual. The pricing might appear a bit rich to pay on the surface, but given LNKD’s recent low of $98.25, nearly three months of position play and less than 5% stock risk per contract, the put looks quite reasonable in lieu of shorting shares.ĭisclosure: Investment accounts under Christopher Tyler’s management do not currently own positions in any of the securities or their derivatives mentioned in this article. With shares near $117.25, the LNKD put trades for about $5.15, and on an expiration basis, this results in a breakeven of $94.85 and drop of 19% in LinkedIn stock to get there. Given the discussed technical setup, which anticipates decent downside pressure going forward, the May $100 put is priced well for bearish investors wanting to short LNKD with limited risk. The countertrend pattern in LNKD appears to be losing momentum: Shares are trading firmly below resistance, offering bearish traders an entry point with reduced risk.Īs the flag has formed around the 78% retracement level, the next logical move is a test of the pattern low of $98.25, and from there, maybe an eventual test of its all-time-low near $56. More recently, in diffusing its massive short-term oversold condition on record volume, LNKD has put together a bearish flag pattern of about a month in length. LNKD Stock Weekly ChartĪfter failing to establish a higher high late in 2015, shares of the social network plummeted through angular and lateral support lines following its poorly received earnings report. Exxon Mobil Corporation: Add Fuel to Your Portfolio With XOM Stockįast forward a few weeks and shares of LNKD are technically in position and readying for a lower fair value and less expensive multiple.In a nutshell, LinkedIn’s prior strong investor support, minimal short interest and overly optimistic growth assumptions prompted investors to reassess their forecasts for a high-multiple growth name in for a slowdown. The report didn’t fall on deaf ears: Shares of LNKD fell nearly 45% in the immediate aftermath, prompting a wave of downgrades. With the technical picture of LinkedIn confirming its bearish profile, it’s time for an options play to take advantage of LNKD’s imminent mauling.Ī month ago LinkedIn announced quarterly results, slashing first quarter and fiscal year 2016 profit guidance below Street estimates, foreboding a weakening trend in unique visitor traffic and page views. ![]() Between LinkedIn Corp’s ( LNKD) weak earnings, analyst downgrades and investor backlash, LNKD is prime for a bearish position.
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