Behind the Scenes of Linde's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend in options trading for Linde (NASDAQ:LIN), with 60% of trades being bearish. The price range targeted by these trades is between $400.0 and $455.0. Linde's stock is currently priced at $446.31, with RSI indicators suggesting it may be overbought. Analysts from UBS and Citigroup maintain a Neutral rating with target prices around $475-$480.
July 25, 2024 | 6:47 pm
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Linde's options trading shows a bearish trend with 60% of trades being bearish. The stock is currently priced at $446.31, and RSI indicators suggest it may be overbought. Analysts from UBS and Citigroup maintain Neutral ratings with target prices around $475-$480.
The bearish trend in options trading, combined with the RSI indicators suggesting the stock may be overbought, indicates potential downward pressure on Linde's stock price in the short term. Analysts' Neutral ratings further support a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100