LinkedIn (LNKD) Down 30% from First Day High
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Last week's hot IPO for LinkedIn (Nasdaq: LNKD) is under heavy pressure Monday morning following negative analyst comments over the weekend.
Shares are down nearly 7 percent to $86.60, which is just a few dollars away from last week's open at $83.
During the first day of trading, LinkedIn surged to a high as $122.70, making the retracement from the high at 29%.
Shares are still up 92% from the $45 pricing.
Shares are down nearly 7 percent to $86.60, which is just a few dollars away from last week's open at $83.
During the first day of trading, LinkedIn surged to a high as $122.70, making the retracement from the high at 29%.
Shares are still up 92% from the $45 pricing.
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