Could Praxair, Inc. Rise Even More? The Stock Had Bullish Options Activity

 Could Praxair, Inc. Rise Even More? The Stock Had Bullish Options Activity

In today’s session Praxair, Inc. (PX) registered an unusually high (326) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious PX increase. With 326 contracts traded and 6104 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: PX170120C00120000 closed last at: $1.5 or 25% down. About 119,672 shares traded hands. Praxair, Inc. (NYSE:PX) has declined 2.14% since April 20, 2016 and is downtrending. It has underperformed by 6.69% the S&P500.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Out of 15 analysts covering Praxair (NYSE:PX), 3 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 20% are positive. Praxair has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Credit Suisse reinitiated the shares of PX in a report on Thursday, March 24 with “Neutral” rating. The stock of Praxair, Inc. (NYSE:PX) has “Underperform” rating given on Friday, January 22 by Bank of America. The company was upgraded on Wednesday, January 13 by Seaport Global Securities. The stock has “Neutral” rating given by Citigroup on Monday, April 18. The rating was maintained by Barclays Capital on Monday, May 2 with “Equal Weight”. The stock of Praxair, Inc. (NYSE:PX) earned “Sell” rating by Zacks on Friday, August 28. The stock of Praxair, Inc. (NYSE:PX) earned “Sell” rating by Zacks on Wednesday, August 12. The firm has “Neutral” rating given on Wednesday, October 7 by Susquehanna. The rating was initiated by Morgan Stanley on Tuesday, September 13 with “Equal-Weight”. On Tuesday, August 2 the stock rating was maintained by CLSA with “Outperform”.

According to Zacks Investment Research, “Praxair is one of the largest industrial gases companies in North and South America. Praxair’s primary products for its industrial gases business are atmospheric gases and process gases. The company’s 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.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.25, from 1.17 in 2016Q1. The ratio dropped, as 53 funds sold all Praxair, Inc. shares owned while 258 reduced positions. 59 funds bought stakes while 305 increased positions. They now own 235.46 million shares or 6.33% less from 251.38 million shares in 2016Q1.
Robecosam Usa Inc last reported 0.3% of its portfolio in the stock. The Massachusetts-based Congress Asset Mngmt Ma has invested 0.02% in Praxair, Inc. (NYSE:PX). Bridges Inv Counsel, a Nebraska-based fund reported 3,808 shares. Gw Henssler And Associate Limited accumulated 0.4% or 30,597 shares. Amp Capital Invsts Limited accumulated 81,165 shares or 0.06% of the stock. Johnson Gru last reported 0.06% of its portfolio in the stock. Moreover, Park Natl Oh has 0.03% invested in Praxair, Inc. (NYSE:PX) for 4,562 shares. Moreover, Logan Mngmt Inc has 0.08% invested in Praxair, Inc. (NYSE:PX) for 8,400 shares. Capital accumulated 2.71M shares or 0.45% of the stock. Bank Of Montreal Can accumulated 0.04% or 308,617 shares. Westpac Banking has 0% invested in the company for 98,115 shares. The United Kingdom-based Baring Asset has invested 1.11% in Praxair, Inc. (NYSE:PX). M&T Financial Bank accumulated 0.05% or 68,739 shares. Lpl Limited Liability accumulated 2,719 shares or 0% of the stock. Bessemer Gp holds 0.28% of its portfolio in Praxair, Inc. (NYSE:PX) for 453,945 shares.

Insider Transactions: Since October 31, 2016, the stock had 0 buys, and 3 sales for $12.69 million net activity. $768,073 worth of shares were sold by LEBOEUF RAYMOND W on Monday, November 7. ANGEL STEPHEN F also sold $9.92M worth of Praxair, Inc. (NYSE:PX) shares. $2.01M worth of Praxair, Inc. (NYSE:PX) shares were sold by Roby Anne K.

Praxair, Inc. is an industrial gas supplier in North and South America, Asia and Europe. The company has a market cap of $33.18 billion. The Company’s activities are organized into five divisions, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. It has a 22.12 P/E ratio. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment.

PX Company Profile

Praxair, Inc., incorporated on October 26, 1988, is an industrial gas supplier in North and South America, Asia and Europe. The Company’s activities are organized into five divisions, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Company’s 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 Firm also designs, engineers and manufactures equipment that produces industrial gases primarily for internal use. The Company’s Surface Technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. The Firm serves a group of industries, including healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment.

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