Shares of Praxair, Inc. (PX) Sees Large Inflow of Net Money Flow

Praxair, Inc. (PX) dropped -0.41% or -0.49 points to trade at $117.95 per share. As per the latest trading data available, the net money flow stood at $16.97 million as the shares received $40.19 million in upticks and gave away $23.22 million in downticks. The final up/down ratio was at 1.73. On a weekly basis, the stock has seen a change of -1.87%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $13.43 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $13.43 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Praxair, Inc. has dropped 1.35% in the last five trading days, however, the shares have posted positive gains of 0.65% in the last 4 weeks. Praxair, Inc. is up 1.4% in the last 3-month period. Year-to-Date the stock performance stands at 0.65%. Praxair, Inc. (NYSE:PX) witnessed a decline in the market cap on Wednesday as its shares dropped 0.41% or 0.49 points. After the session commenced at $117.32, the stock reached the higher end at $118.46 while it hit a low of $117.14. With the volume soaring to 1,324,372 shares, the last trade was called at $117.95. The company has a 52-week high of $125. The company has a market cap of $33,662 million and there are 285,388,990 shares in outstanding. The 52-week low of the share price is $97.78.

Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Stephen F Angel (Chairman, President & CEO) sold 83,300 shares at 119.04 per share price.On Nov 8, 2016, Raymond W Leboeuf (director) sold 6,550 shares at 117.26 per share price.On Nov 2, 2016, Anne K Roby (Senior Vice President) sold 17,103 shares at 117.39 per share price.

Praxair Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.41 EPS for the quarter. Analyst had a consensus estimate of $1.41. The company had revenue of $2644.00 million for the quarter, compared to analysts expectations of $2659.49 million. The companys revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Praxair was Upgraded by JP Morgan to Overweight on Jan 27, 2017. Praxair was Upgraded by BofA/Merrill to Neutral on Jan 6, 2017. Praxair was Downgraded by CLSA to Underperform on Dec 22, 2016.

Praxair is one of the largest industrial gases companies in North and South America. Praxairs primary products for its industrial gases business are atmospheric gases and process gases. The companys surface technology segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. The company also designs, engineers and builds equipment that produces industrial gases through its global supply systems.

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