{"id":9898,"date":"2013-10-14T08:45:21","date_gmt":"2013-10-14T12:45:21","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=9898"},"modified":"2013-10-14T08:43:55","modified_gmt":"2013-10-14T12:43:55","slug":"linkedin-corp-nyselnkd-why-share-sales-by-insiders","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898","title":{"rendered":"LinkedIn Corp (NYSE:LNKD) Why Share Sales By Insiders?"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/14\/2013 (wallstreetpr) &#8211;\u00a0There has been spurt of sales of stocks by insiders in LinkedIn Corp (NYSE:LNKD), the question that remains to be answered is why?<\/p>\n<ul style=\"text-align: justify;\">\n<li>CFO Steven Sordello sold 5000 shares on October 9, 2013 at an average price of $219.23.\u00a0 He now owns 42,138 shares in the company after selling 10% of his stock.<\/li>\n<li>CEO Jeff Weiner sold 37,000 shares on October 7, 2013 at an average price of $240.28; he has 181,835 shares in the company. He sold about 20% of the holdings in one day worth $8,890,360.0<\/li>\n<li>On the same day, Director Reid Hoffman also sold 83,334 shares in the open market at an average price of $ 240.28 valued at $20,023,493.52.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">There could be a number of reasons for these transactions and the investors should be aware of the repercussions<\/p>\n<ul style=\"text-align: justify;\">\n<li>The shares were sold with the expectations that shares would be available at a cheaper rate some time soon.<\/li>\n<li>It is the right time to monetise their holdings as they do not expect the prices to surge from these levels.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Shares ended lower on the market, closing at $226.62 per share on October 11, 2013 after trading in the range of $226.23 and $228.89. The 52 week low is $94.75 and the 52 week high is $257.56.<\/p>\n<p style=\"text-align: justify;\">The company has had a good run, though the government shutdown is having an impact on social media stocks including LinkedIn. Advertising budgets have been hit as has hiring in the U.S. companies. Apart from these issues, faced by most companies in the U.S. one way or the other, LinkedIn is looking at expanding operations. It may also be looking at a strategic acquisition. The company has increased capital expenditure and these have generated strong revenue growth. The revenues have also grown 50% year-on-year for all the last eight quarters. The number of page views has also grown by 30% and now exceed 12 billion.<\/p>\n<p style=\"text-align: justify;\">Are we talking about a storm in a tea cup?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/14\/2013 (wallstreetpr) &#8211;\u00a0There has been spurt of sales of stocks by insiders in LinkedIn Corp (NYSE:LNKD), the question that remains to be answered [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3304,2079,413,815],"stock_ticker":[],"class_list":["post-9898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-linkedin-corp","tag-linkedin-corp-nyselnkd","tag-lnkd","tag-nyselnkd","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LinkedIn Corp (NYSE:LNKD) Why Share Sales By Insiders? - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LinkedIn Corp (NYSE:LNKD) Why Share Sales By Insiders? - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 10\/14\/2013 (wallstreetpr) &#8211;\u00a0There has been spurt of sales of stocks by insiders in LinkedIn Corp (NYSE:LNKD), the question that remains to be answered [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-14T12:45:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2013\/10\/413.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Donna Fago\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Donna Fago\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898\"},\"author\":{\"name\":\"Donna Fago\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/60ece280249b1fa366ae54f87bb8ae84\"},\"headline\":\"LinkedIn Corp (NYSE:LNKD) Why Share Sales By Insiders?\",\"datePublished\":\"2013-10-14T12:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898\"},\"wordCount\":311,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/linkedin-corp-nyselnkd-why-share-sales-by-insiders-9898#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2013\/10\/413.jpg\",\"keywords\":[\"LinkedIn Corp\",\"LinkedIn Corp. 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