Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Linde Plc. shares valued at $4,639,069 were sold by Panikar John on Sep 10 ’24. At $462.75 per share, Panikar John sold 10,025 shares. The insider’s holdings dropped to 17,584 shares worth approximately $8.25 million following the completion of this transaction.
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Also, JOHN M. PANIKAR purchased 10,025 shares, netting a total of over 4,639,088 in proceeds.
Before that, Pfann Oliver had sold 1,022 shares from its account. In a trade valued at $463,681, the Senior Vice President, EMEA traded Linde Plc. shares for $453.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,022 shares, worth approximately $1.67 million.
As published in a research note from Mizuho on April 18, 2024, Linde Plc. [LIN] has been rated up from a Neutral to a Buy and the price target has been revised to $510. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 27, 2024, UBS has decreased its “Buy” rating to a “Neutral” for LIN. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for LIN stock.
Analyzing LIN Stock Performance
During the last five days, there has been a drop of approximately -0.07%. Over the course of the year, Linde Plc. shares have jumped approximately 14.29%. Shares of the company reached a 52-week high of $483.36 on 09/27/24 and a 52-week low of $396.07 on 02/05/24. A 50-day SMA is recorded $464.95, while a 200-day SMA reached $443.68. Nevertheless, trading volume fell to 1.25 million shares from 1.25 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 467.23, which, if violated, would cause prices to drop to 465.03. In the upper region, resistance lies at 472.12. The next price resistance is at 474.82. RSI (Relative Strength Index) is 49.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.25, which suggests the price will decrease in the coming days. Percent R is at 61.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
