LinkedIn, Primerica Among the Pre-Market’s Trending Stocks

Jefferies Reiterates ‘Hold’ Rating for LinkedIn

LinkedIn Corp (NYSE:LNKD)’s stock slipped surged into the after-hours on Monday, gaining over 3%, but has opened the morning in the red. The company, which recently agreed to be acquired by Microsoft Corporation (NASDAQ:MSFT), will release its quarterly financial results on July 28. The company was upgraded to ‘Buy’ from ‘Hold’ by Vetr on Monday, in anticipation of the closing of said deal. At the end of the first quarter, 41 hedge funds that we follow owned about $1.38 billion worth of stakes in LinkedIn Corp (NYSE:LNKD).

Primerica’s Stock Loses Value

Shares of Primerica, Inc. (NYSE:PRI) has opened 2.48% lower this morning. The company recently said it would announce its second quarter results on August 9. Last week, investment company Keefe, Bruyette & Woods, Inc. downgraded Primerica to ‘Market Perform’ from ‘Outperform’ but raised its price target on the stock to $60 from $58. Primerica touched its 52-week high of $59.34 last week. A total of 16 funds in our system were long Primerica, Inc. (NYSE:PRI) as of the end of March.

Disclosure: None