How Will the Market React to Linde PLC (LIN) Stock Getting a Bearish Rating

Overall market sentiment has been down on Linde PLC (LIN) stock lately. LIN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Linde PLC has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LIN!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LIN Stock Today?

Linde PLC (LIN) stock is trading at $331.28 as of 2:49 PM on Tuesday, Nov 29, a decline of -$6.42, or -1.9% from the previous closing price of $337.70. The stock has traded between $331.02 and $335.50 so far today. Volume today is less active than usual. So far 1,127,769 shares have traded compared to average volume of 1,908,058 shares.

More About Linde PLC

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 $31 billion in revenue and $5 billion in GAAP operating profit in 2021. Click Here to get the full Stock Report for Linde PLC stock.