Shares of Praxair (PX) Sees Large Inflow of Net Money Flow

Praxair (PX): $20.11 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 2.04. The value of trades done on upticks was $39.5 million, whereas, trades done on downticks were valued at $19.38 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $21.8 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.45 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 14.99 was strongly in favor of the bulls. The money flow in block trades was $20.35 million. Praxair (PX) fell $0.38 traded at $114.36, a change of -0.33% over the previous day. The stock is 0.86% for the week.


The company Insiders own 0.22% of Praxair shares according to the proxy statements. Institutional Investors own 87.95% of Praxair shares. 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.

Shares of Praxair Inc. rose by 4.94% in the last five trading days and 2.87% for the last 4 weeks. Praxair Inc. is up 3.27% in the last 3-month period. Year-to-Date the stock performance stands at 15.86%.

Praxair (NYSE:PX): stock turned positive on Tuesday. Though the stock opened at $115.24, the bulls momentum made the stock top out at $117.33 level for the day. The stock recorded a low of $115.095 and closed the trading day at $116.99, in the green by 2.30%. The total traded volume for the day was 1,344,387. The stock had closed at $114.36 in the previous days trading.

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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