Large Outflow of Money Witnessed in Praxair

Praxair (PX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($34.44 million) and the uptick to downtick ratio was 0.55. The transaction value on upticks was $41.67 million and on downticks, the transaction value was $76.1 million. The transaction value of block trades during downticks was $31.03 million. The money flow was negative ($31.03 million), indicating the traders were booking profit on the price strength. Praxair (PX) rose $1.35 at $118.35, during intraday Wednesday , a rise of 1.15% over the previous days close.

Praxair

Shares of Praxair Inc. appreciated by 0.3% during the last five trading days but lost 2.6% on a 4-week basis. Praxair Inc. is up 7.61% in the last 3-month period. Year-to-Date the stock performance stands at 17.93%.

Praxair (PX) : 13 analysts are covering Praxair (PX) and their average rating on the stock is 2.31, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Praxair (PX) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Praxair (NYSE:PX): The stock opened at $118.55 and touched an intraday high of $119.5 on Wednesday. During the day, the stock corrected to an intraday low of $117.73, however, the bulls stepped in and pushed the price higher to close in the green at $118.35 with a gain of 1.15% for the day. The total traded volume for the day was 2,086,596. The stock had closed at $117 in the previous trading session.

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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