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LNKD has had ~22% of its float trading on average every day for the past month. What do you find special about today?
by apaprocki 15y ago
LNKD 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