Equities Market Roundup: LinkedIn Shares Jump 140 Percent

Equities Editors Desk |

Social Media IPO LinkedInU.S. stocks are trading up today but investors have taken off some early gains. The biggest news is the IPO of LinkedIn (NYSE: LNKD), which saw shares jump over 140 percent after making its market debut as a public company. The first U.S. social network to complete its public offering significant interest from Wall Street and even increased its IPO price earlier this week to add an extra $1 billion to its valuation. LinkedIn shares broke the $100 mark, and traded as high as $122.70 today. LinkedIn's stock price is currently trading around $109. As for the rest of the market, analysts are anticipating a potential sell-off as the summer months approach and the end of the Federal Reserve's QE2 strategy approaches. In addition, there are also concerns of institutional investors and hedge funds may be looking to reposition and take some profits.

Major U.S. Stock Indices

DJIA: 12,590.49 (+0.24 percent)
S&P 500: 1,343.52 (+0.20 percent)
NASDAQ: 2,822.61 (+0.28 percent)
Russell 2000: 832.68 (-0.09)

In other news:

  • Disgraced IMF chief Dominique Straus-Kahn has resigned from his position amid the alleged sexual assault charges and a host of other scandals coming out of the woodwork. [WSJ]
  • The search for Kahn's replacement may not be so simple, but could French finance minister Christine Lagarde be the next to head the IMF? [NY Times]
  • Citigroup (NYSE: C) CEO Vikram Pandit essentially worked for free last year. The same couldn't be said for the top guys at other banks like Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFM). [The Street]
  • Massey Energy (NYSE: MEE) is catching a lot of heat for negligence that led to the "deadliest mining disaster in 40 years." [Bloomberg]

Check back for more news.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
SHG Shinhan Financial Group Co Ltd American Depositary 42.91 -0.10 -0.23 52,213 Trade


Emerging Growth

Inovio Pharmaceuticals Inc.

Inovio Pharmaceuticals Inc is a clinical stage biopharmaceutical company. The Company develops active DNA immunotherapies and vaccines in combination with proprietary electroporation delivery devices to prevent and treat cancers and…

Private Markets

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…