LinkedIn Surrenders Most Of Gains Following Q1 Report

LinkedIn Corp LNKD shares are trading higher by $4 at $127.01 in Friday's session. The Street is not convinced the company is on the way to sustained probability, despite a better-than-expected Q1 report.

After a sprint to $142.70 in the after-hours session, it retreated to and consolidated in the $130-$134 range until the open of the regular session.

After a higher open, it rallied to $130.99 before reversing course. The ensuing decline has found support just under the the top of Thursday's range ($124.44) at $123.86.