LinkedIn slips on rumors of major short position

|About: LinkedIn (LNKD)|By:, SA News Editor

Rumors that an institutional investor has taken a major short position in LinkedIn (LNKD -0.8%) are leading shares to slip on an up day for equities. David Einhorn's name has been thrown around in some of the rumors.

Shares remain up 20% from where they traded prior to LinkedIn's July 31 Q2 beat.