Shares of LinkedIn (NYSE:LNKD) just can't get any turnaround momentum going. After Q1 results sparked a big after-hours pop last Thursday, the shares have since retreated and remain off more than 50% from their 52-week highs.
Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD) both surprised investors Monday when they announced the software giant had agreed to purchase the social network for professionals in what is Microsoft's largest acquisition in history.
What: LinkedIn (NYSE:LNKD) stock opened up Monday morning. Shares jumped as much as 48.3%, driven by a Monday morning announcement that Microsoft (NASDAQ:MSFT) reached a deal to acquire the social network for professionals for $26.2 billion.
LinkedIn (NYSE:LNKD) stock saw a notable jump on Tuesday, rising 4%. There was no particular reason for the move. However, it adds to the stock's ongoing rise since its huge 44% one-day decline in February, when LinkedIn reported worse-than-expected ...