LinkedIn ( LNKD) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 1.0%. By the end of trading, LinkedIn rose $2.12 (1.1%) to $190.30 on light volume. Throughout the day, 1,565,314 shares of LinkedIn exchanged hands as compared to its average daily volume of 2,235,100 shares. The stock ranged in a price between $187.65-$191.87 after having opened the day at $188.92 as compared to the previous trading day's close of $188.18. Other companies within the Internet industry that increased today were: MeetMe ( MEET), up 22.1%, Friendfinder Networks ( FFN), up 8.9%, Phoenix New Media ( FENG), up 6.1% and Web.com Group ( WWWW), up 5.8%.
LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $16.7 billion and is part of the technology sector. Shares are up 58.8% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 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.