LinkedIn Corp (LNKD): Today's Featured Internet Laggard

LinkedIn was a leading decliner within the internet industry, falling $4.82 (-2.3%) to $203.71 on average volume
By TheStreet Wire ,

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

LinkedIn

(

LNKD

) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.6%. By the end of trading, LinkedIn fell $4.82 (-2.3%) to $203.71 on average volume. Throughout the day, 2,131,728 shares of LinkedIn exchanged hands as compared to its average daily volume of 2,167,200 shares. The stock ranged in price between $201.07-$209.39 after having opened the day at $209.18 as compared to the previous trading day's close of $208.53. Other companies within the Internet industry that declined today were:

Sohu.com

(

SOHU

), down 9.9%,

support.com

(

SPRT

), down 6.6%,

SouFun Holdings

(

SFUN

), down 5.8% and

Global Sources

(

GSOL

), down 5.5%.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $18.7 billion and is part of the technology sector. Shares are up 81.6% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates

LinkedIn

as a

sell

. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front,

Friendfinder Networks

(

FFN

), up 32.7%,

Taomee Holdings

(

TAOM

), up 6.9%,

CafePress

(

PRSS

), up 6.6% and

Facebook Inc Class A

(

FB

), up 4.2% , were all gainers within the internet industry with

Mercadolibre

(

MELI

) being today's featured internet industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider

First Trust Dow Jones Internet Idx

(

FDN

) while those bearish on the internet industry could consider

ProShares Ultra Short Technology

(

REW

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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