Large Inflow of Money Detected in Praxair

Praxair (PX) : $20.86 million worth of transactions were on upticks in Praxair (PX), compared to $13.94 million on downticks. The ratio between the two was 1.5, whereas, the net money flow stood at a healthy $6.92 million on Mondays session. The consistent buying on upticks in the stock accounted for $6.71million worth of trades. The total money flow into the stock stood at $6.71 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.18%. The stock was trading at $116.77, with a drop of $0.21 over the previous days close. The stock recorded 0.05% for the week.


Shares of Praxair Inc. appreciated by 1.04% during the last five trading days but lost 0.81% on a 4-week basis. Praxair Inc. is up 5.21% in the last 3-month period. Year-to-Date the stock performance stands at 16.89%.

Praxair (NYSE:PX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.88 and $116.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $118.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $118.03, notching a gain of 1.08% for the day. The total traded volume was 551,355 . The stock had closed at $116.77 on the previous day.

In a related news,The officer (Executive Vice President) of Praxair Inc, Menezes Eduardo F sold 25,000 shares at $114.01 on May 10, 2016. The Insider selling transaction had a total value worth of $2,850,250. The Insider information was disclosed 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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