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Wednesday, August 1, 2012

Chase Coleman Sells 40% of LinkedIn Holding

Chase Coleman Sells 40% of LinkedIn Holding

Chase Coleman chiseled down his LinkedIn Corporation ( LNKD ) stake by 40.09% from June 18 to July 27, according to GuruFocus Real Time Picks . The stock traded in a range of $100.99 to $108.67 during those dates. He sold a total of 1,620,947 shares and has 2,421,981 shares remaining. 

Coleman has reported owning shares of LinkedIn, the professional online networking site, since the third quarter of 2011 with 300,000 shares at an average price of $90 per share. But his holding history goes back further than that. In May 24, 2011, he bought 2,436,001 shares at $45 each in LinkedIn's IPO. In the last year the stock is up 0.77%, with an almost 62 percent increase year to date. 

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