Praxair Inc (PX) Files Form 4 Insider Selling : Robert L Wood Sells 6,550 Shares

Praxair Inc (PX): Robert L Wood , director of Praxair Inc sold 6,550 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $114.34 per share for a total value of $748,927.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Robert L Wood (director) sold 6,550 shares at $114.34 per share price.On Jan 8, 2016, Stephen F Angel (CEO) purchased 5,000 shares at $97.80 per share price.Also, On Feb 5, 2015, Elizabeth T Hirsch (Vice President & Controller) sold 16,000 shares at $122.56 per share price.On Feb 5, 2015, Raymond W Leboeuf (director) sold 7,620 shares at $123.05 per share price.

Praxair: On Friday, May 6, 2016 heightened volatility was witnessed in Praxair which led to swings in the share price. The shares opened for trading at $113.46 and hit $114.55 on the upside , eventually ending the session at $114.3, with a gain of 0.73% or 0.83 points. The heightened volatility saw the trading volume jump to 8,48,414 shares. The 52-week high of the share price is $124.17 and the company has a market cap of $32,606 M . The 52-week low of the share price is at $95.6.

Praxair Money Flow Index Chart

Company has been under the radar of several Street Analysts.Praxair is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $112 .The Rating was issued on May 2, 2016.Praxair is Downgraded by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $114 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.Praxair is Resumed by Credit Suisse to Neutral and the brokerage firm has raised the Price Target to $ 117 from a previous price target of $107 .The Rating was issued on Mar 24, 2016.

Praxair Inc. (Praxair) is an industrial gas supplier in North and South America Asia and Europe. The Company’s operations are organized into five segments four of which have been determined on a geographic basis of segmentation: North America Europe South America and Asia. In addition Praxair operates its surface technologies business through its wholly owned subsidiary Praxair Surface Technologies Inc. which represents the fifth segment. The Company’s products in its industrial gases business include atmospheric gases (oxygen nitrogen argon rare gases) and process gases (carbon dioxide helium hydrogen electronic gases specialty gases acetylene). The company also designs engineers and builds equipment that produces industrial gases primarily for internal use. The company’s surface technologies segment operated through Praxair Surface Technologies Inc. supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

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