Large Outflow of Money Witnessed in Praxair

Shares of Praxair (NYSE:PX) advanced to $112.2. The price had gained 0.07% or 0.08 points intraday. The latest trading session witnessed $29.6 million in upticks and $36.36 million in downticks, resulting in net money flow of (-6.76) million. The up/down ratio for the day stood at 0.81. On a weekly scale, the price has seen a change of -1.35%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-7.63) million occurred during the day. $16.35 million in uptick and $23.98 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.68.

Praxair Inc. has dropped 1.43% in the last five trading days, however, the shares have posted positive gains of 1.88% in the last 4 weeks. Praxair Inc. has dropped 0.01% during the last 3-month period . Year-to-Date the stock performance stands at 11.02%.

Currently the company Insiders own 0.22% of Praxair shares according to the proxy statements. Institutional Investors own 87.91% of Praxair shares. During last six month period, the net percent change held by insiders has seen a change of 3.88%. . On the companys insider trading activities, Menezes Eduardo F, officer (Executive Vice President) of Praxair Inc, unloaded 25,000 shares at an average price of $114.01 on May 10, 2016. The total amount of the transaction was worth $2,850,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Praxair (NYSE:PX) witnessed a decline in the market cap on Friday as its shares dropped 0.02% or 0.02 points. After the session commenced at $112.25, the stock reached the higher end at $112.81 while it hit a low of $111.31. With the volume soaring to 1,579,217 shares, the last trade was called at $112.1. The company has a 52-week high of $124.17. The company has a market cap of $31,978 million and there are 285,264,900 shares in outstanding. The 52-week low of the share price is $95.6.

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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