Linde Plc.’s filing revealed that its Exec VP & Chief Legal Officer Bichara Guillermo unloaded Company’s shares for reported $2.84 million on Mar 12 ’24. In the deal valued at $471.01 per share,6,034 shares were sold. As a result of this transaction, Bichara Guillermo now holds 27,161 shares worth roughly $12.54 million.
Then, Durbin Sean sold 5,277 shares, generating $2,466,417 in total proceeds. Upon selling the shares at $467.39, the Executive VP, North America now owns 8,151 shares.
Before that, Strauss David P sold 2,523 shares. Linde Plc. shares valued at $1,174,836 were divested by the Executive VP, Chief HR Officer at a price of $465.65 per share. As a result of the transaction, Strauss David P now holds 23,939 shares, worth roughly $11.05 million.
UBS downgraded its Linde Plc. [LIN] rating to a Neutral from a a Buy in a research note published on March 27, 2024; the price target was increased to $510 from $482. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early March with a ‘”a Peer perform”‘ rating. TD Cowen also remained covering LIN and reiterated its “Market perform” recommendation on February 16, 2024. Stifel revised its rating on January 22, 2024. It rated LIN as “a Hold” which previously was an “a Buy”.
Price Performance Review of LIN
On Monday, Linde Plc. [NASDAQ:LIN] saw its stock fall -0.65% to $461.67. Over the last five days, the stock has lost -0.37%. Linde Plc. shares have risen nearly 12.41% since the year began. Nevertheless, the stocks have risen 29.82% over the past one year. While a 52-week high of $477.71 was reached on 03/13/24, a 52-week low of $350.60 was recorded on 02/05/24. SMA at 50 days reached $445.28, while 200 days put it at $403.15. A total of 1.67 million shares were traded, compared to the trading of 1.45 million shares in the previous session.
Levels Of Support And Resistance For LIN Stock
The 24-hour chart illustrates a support level at 459.74, which if violated will result in even more drops to 457.82. On the upside, there is a resistance level at 463.34. A further resistance level may holdings at 465.02. The Relative Strength Index (RSI) on the 14-day chart is 53.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.95%. Stochastics %K at 31.04% indicates the stock is a holding.
How much short interest is there in Linde Plc.?
A steep rise in short interest was recorded in Linde Plc. stocks on Mar 15, 2024, growing by 0.85 million shares to a total of 4.16 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.31 million shares. There was a rise of 20.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.1.
