Praxair (NYSE:PX) : During the past 4 weeks, traders have been relatively bearish on Praxair (NYSE:PX), hence the stock is down -0.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.09% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.19% in the last 1 week, and is up 0.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -3.15% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $120.04 and the one year low was seen on Jan 29, 2016. The 50-Day Moving Average price is $111.66 and the 200 Day Moving Average price is recorded at $108.87.
The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 2.41%.
Praxair (NYSE:PX): stock turned positive on Friday. Though the stock opened at $112.36, the bulls momentum made the stock top out at $114.97 level for the day. The stock recorded a low of $111.89 and closed the trading day at $114.74, in the green by 2.59%. The total traded volume for the day was 1,024,008. The stock had closed at $111.84 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Menezes Eduardo F, officer (Executive Vice President) of Praxair Inc, had unloaded 25,000 shares at an average price of $114.01 in a transaction dated on May 10, 2016. The total value of the transaction was worth $2,850,250.
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.