After buying LNKD shares at $80 and $75, it’s time to sell half my holdings at $88 per share.
Yesterday, Morgan Stanley, UBS, J.P. Morgan and Bank of America/Merrill Lynch — set price targets for the shares ranging between $85 and $92. Ken Sena of Evercore Partners initiated coverage on June 13 with a $70 price target.
I believe it is time to book my 10% gain on my $80 per share holdings and hold on to my LNKD stock I bought at $75.
Linkedin has been an extremely volitile stock ranging from $60.14 to $122.70 per share. I will hold on to a small amount of stock and look to buy more once we see next quarters performance.
I still believe in LNKD, but when the stock moves up so fast in such a short period of time, its time to take a little off the table.
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