Linde Shares Plunge 2.94% Amid Four-Day Decline

Linde (LIN) shares tumbled 2.94% today, marking the fourth consecutive day of decline, with a total drop of 12.01% over the past four days. The stock price hit its lowest level since February 2024, with an intraday decline of 4.04%.

Linde has recently received a new buy recommendation with a moderate buy consensus and an average price target of $506.36, suggesting a potential 15.62% upside. This positive analyst sentiment could influence investor behavior and impact the stock price.

Linde reported stronger-than-expected earnings for the last quarter, with earnings per share of $3.97, surpassing the Zacks Consensus Estimate of $3.93. Additionally, Linde provided upside guidance for the second quarter and full year, potentially boosting investor confidence and affecting the stock price positively.