Linde Plc.’s recent filing unveils 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 $12.08 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 $10.65 million.
Citigroup downgraded its Linde Plc. [LIN] rating to a Neutral from a a Buy in a research note published on April 10, 2024; the price target was increased to $500 from $475. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. Wolfe Research began covering LIN with “Peer perform” recommendation on March 01, 2024. TD Cowen maintained its rating on February 16, 2024. It rated LIN as “a Market perform”.
Price Performance Review of LIN
On Monday, Linde Plc. [NASDAQ:LIN] saw its stock fall -0.59% to $444.75. Over the last five days, the stock has lost -3.66%. Linde Plc. shares have risen nearly 8.29% since the year began. Nevertheless, the stocks have risen 22.87% 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 $449.73, while 200 days put it at $405.09. A total of 1.64 million shares were traded, compared to the trading of 1.98 million shares in the previous session.
Levels Of Support And Resistance For LIN Stock
The 24-hour chart illustrates a support level at 441.08, which if violated will result in even more drops to 437.41. On the upside, there is a resistance level at 451.17. A further resistance level may holdings at 457.58. The Relative Strength Index (RSI) on the 14-day chart is 36.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.23%. Stochastics %K at 13.26% indicates the stock is a buying.
