Large Outflow of Money Witnessed in Praxair

Praxair (PX) : The total money flow in Praxair (PX) was negative ($7.96 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $17.85 million. In comparison, the inflow of money into the stock on upticks was $9.89 million. The uptick to downtick ratio was 0.55. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.27 million. The negative money flow of ($5.27 million) confirms the selling in Praxair (PX) on strength. Praxair (PX) gained $0.09 at $117.77, a gain of 0.08% over the previous days close. However, the stock registered -1.03% in the week.


Praxair (PX) : The highest short term price target forecast on Praxair (PX) is $140 and the lowest target price is $100. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $120.17 with a standard deviation of $11.16.

Praxair (NYSE:PX): stock turned positive on Friday. Though the stock opened at $117.65, the bulls momentum made the stock top out at $118.09 level for the day. The stock recorded a low of $117.28 and closed the trading day at $117.7, in the green by 0.02%. The total traded volume for the day was 571,987. The stock had closed at $117.68 in the previous days trading.

In a related news, 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.

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