Praxair (PX) : Mondays money flow data in Praxair (PX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $11.68 million, whereas, $9.72 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.2, in favor of the bulls. The total money flow into the stock was $1.96 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.68 million. The total value of block trades done on upticks was $1.93 million. The value of bearish trades on downticks was only $1.25 million.The up/down ratio in the block trades was a healthy 1.55 in favor of the bulls, suggesting strong buying in the stock by large traders. Praxair (PX) fell $0.24 and traded at $118.75, down -0.2% for the day, over previous days close. On a weekly basis, the shares are 3.49% over the previous weeks close.
Praxair Inc. is up 2.89% in the last 3-month period. Year-to-Date the stock performance stands at 17.52%. Shares of Praxair Inc. rose by 3.76% in the last five trading days and 5.83% for the last 4 weeks. In a related news, The officer (Executive Vice President), of Praxair Inc, Menezes Eduardo F had unloaded 25,000 shares at $114.01 per share in a transaction on May 10, 2016. The total value of transaction was $2,850,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Praxair (NYSE:PX): On Mondays trading session , Opening price of the stock was $118.71 with an intraday high of $119. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $118.24. However, the stock managed to close at $118.66, a loss of 0.28% for the day. On the previous day, the stock had closed at $118.99. The total traded volume of the day was 579,510 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.