LinkedIn Getting Hammered, Down 7%

Linkedin Corporation LNKD shares are plunging sharply today, down nearly 7% on heavier than normal volume Since the company went public almost two weeks ago, the stock has attracted a lot of attention, as it zoomed up sharply on the first day of trading, gaining some 100% from its IPO price. Since it hit $122 on the first day of trading, shares have been in a free-fall since then, and are down almost $40 per share from their peak. At last check, shares were off $6.09 to $82.23, a loss of 6.90%‎ on 1.8 million shares. LinkedIn Corporation operates an online professional network. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online, build and engage with their professional network, and other tasks.