Praxair (PX) has risen sharply, recording gains of 2.78% in the past 4 weeks. However, the stock has corrected -0.99% in the past 1 week, providing a good buying opportunity on dips. Praxair (PX) : During the past 4 weeks, traders have been relatively bearish on Praxair (PX), hence the stock is down -0.56% 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 -0.92% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.29% and the 50-Day Moving Average is 3%. Praxair Inc. has dropped 0.11% during the last 3-month period . Year-to-Date the stock performance stands at 15.42%.
Praxair (NYSE:PX): On Fridays trading session , Opening price of the stock was $116.49 with an intraday high of $116.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $115.52. However, the stock managed to close at $116.54, a loss of 0.49% for the day. On the previous day, the stock had closed at $117.11. The total traded volume of the day was 1,256,259 shares.
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.