LIN Stock Summary and Trading Ideas (Linde PLC - | NASDAQ:LIN)

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.

Linde PLC - trades on the NASDAQ stock market under the symbol LIN.

As of April 25, 2024, LIN stock price declined to $442.17 with 236,875 million shares trading.

LIN has a beta of 0.85, meaning it tends to be less sensitive to market movements. LIN has a correlation of 0.44 to the broad based SPY ETF.

LIN has a market cap of $214.40 billion. This is considered a Mega Cap stock.

Last quarter Linde PLC - reported $8 billion in Revenue and $3.59 earnings per share. This beat revenue expectation by $242 million and exceeded earnings estimates by $.10.

In the last 3 years, LIN stock traded as high as $477.71 and as low as $262.47.

The top ETF exchange traded funds that LIN belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

LIN stock has underperformed the market in the last year with a return of +21.6%, while SPY returned +22.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LIN shares. However, LIN has outperformed the market in the last 3 month and 2 week periods, returning +10.5% and -1.8%, while SPY returned +3.1% and -2.9%, respectively. This indicates LIN has been having a stronger performance recently.

LIN support price is $439.54 and resistance is $449.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LIN stock will trade within this expected range on the day.