Executive VP, Chief HR Officer Strauss David P sold 2,194 shares of Linde plc [LIN]


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Linde plc shares valued at $814,016 were sold by Strauss David P on May 15. At $371.02 per share, Strauss David P sold 2,194 shares. The insider’s holdings dropped to 23,939 shares worth approximately $8.54 million following the completion of this transaction.

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Also, ANGEL STEPHEN F sold 45,309 shares, netting a total of over 16,870,806 in proceeds. Following the sale of shares at $372.35 each, the insider now holds 369,611 shares.

Before that, Bichara Guillermo had sold 14,648 shares from its account. In a trade valued at $5,442,464, the Exec VP& Chief Legal Officer traded Linde plc shares for $371.55 each. Upon closing the transaction, the insider’s holdings decreased to 14,648 shares, worth approximately $9.69 million.

Analyzing LIN Stock Performance

On Thursday, Linde plc [NYSE: LIN] rose 0.49% to $356.59. The stock’s lowest price that day was $354.94, but it reached a high of $359.12 in the same session. During the last five days, there has been a drop of approximately -3.15%. Over the course of the year, Linde plc shares have jumped approximately 9.32%. Shares of the company reached a 52-week high of $373.58 on 05/01/23 and a 52-week low of $302.17 on 01/05/23. A 50-day SMA is recorded $359.07, while a 200-day SMA reached $324.92. Nevertheless, trading volume fell to 1.99 million shares from 1.8 million shares the previous day.

Support And Resistance Levels for Linde plc (LIN)

According to the 24-hour chart, there is a support level at 354.65, which, if violated, would cause prices to drop to 352.70. In the upper region, resistance lies at 358.83. The next price resistance is at 361.06. RSI (Relative Strength Index) is 42.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.71, which suggests the price will decrease in the coming days. Percent R is at 74.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Linde plc subject to short interest?

Stocks of Linde plc saw a sharp rise in short interest on May 14, 2023 jumping by 0.11 million shares to 3.19 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 3.08 million shares. A jump of 3.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.32.

Which companies own the most shares of Linde plc (LIN)?

According to The Vanguard Group, Inc. filings, the company currently owns 42,123,584 shares, which is about 8.58% of the total LIN shares outstanding. The investor’s shares have plunged by -2,489,329 from its previous 13-F filing of 44612913.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $7,918,144,763. SSgA Funds Management, Inc. acquire a 1.90% interest valued at $7.38 billion while Capital Research & Management Co purchased a 226,695 stake. A total of 832,670 shares of Linde plc were bought by Massachusetts Financial Services during the quarter, and -931,901 were sold by Capital Research & Management Co. In its current portfolio, Capital Research & Management Co holds 11,385,326 shares valued at $4.21 billion.

In terms of Linde plc share price expectations, FactSet research, analysts set an average price target of $401.61 in the next 12 months, up nearly 12.72% from the previous closing price of $354.86. Analysts anticipate Linde plc stock to reach $430.00 by 2023, with the lowest price target being $339.00. In spite of this, 28 analysts ranked Linde plc stock as a Buy at the end of 2023.


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