Large Inflow of Money Witnessed in Praxair

Praxair (NYSE:PX) had a weak trading session and its shares were last down at $111.83, down -0.79% or -0.7 points. The trading data also revealed that the total net flow stood at $2.55 million as the shares had $25.36 million in upticks but lost $22.81 million in downticks. The up/down ratio was 1.11. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of -0.24% in the shares.The block trade data suggests an inflow of $1.58 million in upticks and an outflow of $0 million in downticks. The up/down ratio for the block stood at 0. The net money flow for this transaction was recorded at $1.58.


The stock has recorded a 20-day Moving Average of 0.39% and the 50-Day Moving Average is 1.21%. The company shares have dropped 8.81% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $123.63 and one year low was seen on January 29, 2016 at $95.6. The 50-day moving average is $112.3 and the 200 day moving average is recorded at $108.32. S&P 500 has rallied 1.93% during the last 52-weeks.

Praxair (NYSE:PX): The stock opened at $112.93 on Tuesday but the bulls could not build on the opening and the stock topped out at $112.93 for the day. The stock traded down to $111.50 during the day, due to lack of any buying support eventually closed down at $111.85 with a loss of -0.68% for the day. The stock had closed at $112.62 on the previous day. The total traded volume was 1,393,905 shares.

Currently the company Insiders own 0.22% of Praxair shares according to the proxy statements. Institutional Investors own 87.91% of Praxair shares. During last six month period, the net percent change held by insiders has seen a change of 3.88%. On the companys insider trading activities, Menezes Eduardo F, officer (Executive Vice President) of Praxair Inc, unloaded 25,000 shares at an average price of $114.01 on May 10, 2016. The total amount of the transaction was worth $2,850,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America, Asia and Europe. The Companys 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 Companys 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 companys 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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