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On October 10, 2025,
(LIN) closed with a 0.95% decline, trading on $930 million in volume—a 34.52% surge from the prior day—ranking 143rd in market activity. The industrial gas giant’s shares faced renewed scrutiny amid shifting sector dynamics and earnings expectations.Analysts noted that Linde’s volume spike coincided with broader market rotation into energy and materials stocks, though its performance lagged peers. Recent earnings calls highlighted operational challenges in Asia-Pacific markets, where demand for industrial gases has softened due to regulatory changes. While the company reaffirmed long-term growth targets, short-term volatility remains tied to macroeconomic uncertainties and sector-specific risks.
To set up this back-test accurately, clarification is required on market parameters, weighting methods, execution timing, and cost assumptions. Once defined, the strategy can be evaluated from January 1, 2022, to the present, providing insights into its historical performance.
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