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Stocks in the News: LinkedIn Corp (NYSE:LNKD), Glu Mobile Inc. (NASDAQ:GLUU), DCT Industrial Trust Inc. (NYSE:DCT)

Boston, MA 02/10/2014 (wallstreetpr) – LinkedIn Corp (NYSE:LNKD) has announced that in fine tuning its services, apparently to offer the best experience to users, it will eliminate at least three of the services it currently provides. The idea is that the company wants to concentrate on fewer things that it can do better. Among the services to would affected is its inbox service Intro. The service will be dropped by March 7. There have been some controversies over the service, some of which touch on breach of privacy rights. Another service to go in the coming months is Slidecast, those who have been using the service which allows uploading presentations with audio will now go back to SlideShare.net. The retooling of LinkedIn Corp (NYSE:LNKD) will also see LinkedIn iPad app on older versions of iOS eliminated, that will happen as of February 18.

Glu Mobile Inc. (NASDAQ:GLUU) witnessed insider trading on Thursday February 6, when the company’s Chief Executive Officer Masi Niccolo sodl 15,000 shares on open market trading at an average price of $4.79 per share, thus earning $718,500. The executive is now left with 44,909 shares in GLUU, which carry an approximate value of $215,114. The said insider selling was disclosed in a SEC legal filing. Glu Mobile Inc. (NASDAQ:GLUU) managed to increase its stock price by 5 cents during Friday trading to close up $4.99.

DCT Industrial Trust Inc. (NYSE:DCT) has declared 7 cents quarterly dividen that captures shareholders of record on April 4, and will be paid out on April 16. The dividend represents 28 cents dividend on annualized basis and yield of 3.79 percent. The company also issued fiscal 2014 earnings guidance whereby it hopes to attain EPS in the range of 45 – 48 cents. Yet Thomson Reuters’ consensus EPS estimate for the stock is 47 cents. In the most recent quarter DCT realized EPS of 11 cents, in-line with analysts’ estimate. That earning was also in-line with what the company realized in the same quarter a year ago. However, DCT Industrial Trust Inc. (NYSE:DCT)’s revenue was up 19.9 percent to $77.10 million against &74.88 million that Wall Street hoped for in the quarter.

Published by Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz



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