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Technology Stocks : LinkedIn Corporation

LNKD 195.96

0.0%

Dec 16 4:00 PM EST

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From: Glenn Petersen	10/5/2011 4:23:51 PM
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LinkedIn: Big Investor Slashes Stake Wall Street Journal October 5, 2011, 2:02 PM ET MFS Investment Management took a big plunge into LinkedIn. Now, the mutual-fund manager is pulling back. According to a regulatory filing today, MFS as of Sept. 30 owned 3.7% of the class A stock in LinkedIn, which made a splashy stock-market debut in May. Three months earlier, MFS held more than 10% of LinkedIn’s class A shares, according to FactSet. It’s not immediately clear whether MFS owned LinkedIn shares before the Internet company’s IPO — in which case MFS made out like a bandit — or if it bought shares in or after the IPO. MFS declined to comment. During the third quarter, LinkedIn’s stock gyrated wildly. Shares traded as high as $115.05 a share, and as low as $70.04. The average closing price during the quarter was $88.88. (The company sold shares in its IPO at $45 a pop.) blogs.wsj.com

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