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Linde Plc [LIN] Insider Selling: Time to sell?

In a filing, Linde Plc revealed its Executive VP, APAC Panikar John unloaded Company’s shares for reported $4.64 million on Sep 10 ’24. In the deal valued at $462.75 per share,10,025 shares were sold. As a result of this transaction, Panikar John now holds 17,584 shares worth roughly $8.11 million.

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Then, JOHN M. PANIKAR bought 10,025 shares, generating $4,639,088 in total proceeds.

Before that, Pfann Oliver sold 1,022 shares. Linde Plc shares valued at $463,681 were divested by the Senior Vice President, EMEA at a price of $453.70 per share. As a result of the transaction, Pfann Oliver now holds 3,551 shares, worth roughly $1.64 million.

Mizuho upgraded its Linde Plc [LIN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. UBS also remained covering LIN and has decreased its forecast on March 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research started covering the stock on March 01, 2024. It rated LIN as “a Peer perform”.

Price Performance Review of LIN

On Friday, Linde Plc [NASDAQ:LIN] saw its stock jump 0.85% to $460.99. Over the last five days, the stock has gained 1.30%. Linde Plc shares have risen nearly 12.24% since the year began. Nevertheless, the stocks have risen 12.06% over the past one year. While a 52-week high of $487.49 was reached on 10/17/24, a 52-week low of $396.07 was recorded on 02/05/24. SMA at 50 days reached $467.52, while 200 days put it at $453.44.

Levels Of Support And Resistance For LIN Stock

The 24-hour chart illustrates a support level at 457.50, which if violated will result in even more drops to 454.01. On the upside, there is a resistance level at 463.07. A further resistance level may holdings at 465.15. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.17%. Stochastics %K at 76.04% 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 2024-11-15, dropping by 65410.0 shares to a total of 5.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.28 million shares. There was a decline of -1.25%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 16, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $455.

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