6 ms·
This is untrue on a percentage basis. lnkd: -14% djia: -3.75%
by tewks 15y ago
This is untrue on a percentage basis.
lnkd: -14%
djia: -3.75%
- andywood 15y agoThey declined as much as lots and lots of other normally-volatile stocks that are not recent IPOs. Making the story about recent tech IPOs is uninformative at best.
- simonsarris 15y agoThe dow jones doesn't work like that. The Dow % doesn't reflect the average % downwards of its parts, nor does it necessarily represent the market as a whole. Citigroup -15% Bank of america -17% B&N: -11% GE and Cisco -5% etc
- tewks 15y agoThe point is that these stocks are underperforming with respect to large cap companies and thus the market at large. The s&p is down under 5% today. msft -3.5% aapl -3.38% hpq -4.4% ibm -2.2%
- antr 15y ago% up/down does not provide valuable data. If you have access to a Bloomberg terminal take a look at the free-float turnover. Shocking
- phuff 15y agoWhat does the free-float turnover mean/represent?
- antr 15y agothe % of the capital/shares changing hands + if compared with avg daily trading volumes, the speed/time at which investors want to get rid off the stock
- phuff 15y agoAhhh thanks!
- georgecmu 15y agoWell, presumably, there are just as many players who want to acquire the stock, so while it's a good indicator of unusual market activity, it's not a doomsayer per se.
- VladRussian 15y agothe more volatility -> the higher HFT intensity (thus -> the more volatility, repeat loop ...)
- deleted 15y ago[deleted]
- apaprocki 15y agoLNKD has had ~22% of its float trading on average every day for the past month. What do you find special about today?
- antr 15y agoLNKD has a free float of c. 8,250,000 shares or c. 8% of FDS. Average daily trading volume up to August 3rd, and adjusted for underwriting: 1.62m. Since last Thursday (earnings call), when LNKD dipped c. 5%, trading volumes have been 102%, 90% and 67% above the average daily volume. So then, 40%, 37% and 33% of its free-float, for August 4, 5 and 8 respectively. In just under three trading sessions over 100% of the free float has changed hands. What don't you find special?
- apaprocki 15y agoYes, but based on the 1.62m avg volume, that is ~20% changing per day on average. So on average 100% of the free float changes hands every 5 sessions. And now it did that in 3 sessions.. But that doesn't indicate to me everyone suddenly dumped it today. It's been churning over 20% every day. If you look at P or Z there is nothing much going on there. LNKD is just crazy active to begin with, only amplified by recent events.
- antr 15y agoIndeed, 5 to 3 days might seem close/similar, but 5 days is 66% slower turnover than 3 days. IMHO, this data is representative
- guelo 15y ago> The Dow % doesn't reflect the average % downwards of its parts It does, its weighted parts that is.
- rajpaul 15y agoYou're on the right track, but it makes more sense to compare lnkd to the NASDAQ, which is the technology exchange.