LinkedIn Corp Trashed After Q4 Report

LinkedIn Corporation

shares are trading lower by $84 at $108.28 in Friday's session. Despite a Q4 beat of $0.16 with slightly better sales, the Street is alarmed by it lower 2016 guidance. After a lower open, it managed to $3 plus to $128.99 before continuing lower. The first time it bottomed at the $110 area, it followed with $10 bounce. However, on its return visit to this area it has not been able to find a bottom. The $110 area coincides with its January 2013 low at $109.80. If the decline continues its January 2013 low comes in at $105.80.