OPEC supply in focus with oil prices still under pressure
Seeking Alpha News (Fri, 10-May 8:25 PM ET)
Braskem S.A. Reports Monthly SEC Filing
TipRanks (Fri, 10-May 7:32 AM ET)
Braskem S.A. Files SEC Report Amidst Market Uncertainties
TipRanks (Fri, 10-May 7:30 AM ET)
Braskem S.A. Announces Audit Committee Updates
TipRanks (Fri, 10-May 7:28 AM ET)
Braskem S.A. Submits SEC Filing for May 2024
TipRanks (Thu, 9-May 6:27 PM ET)
Braskem S.A. Complies with SEC Reporting Standards
TipRanks (Thu, 9-May 7:35 AM ET)
Braskem S.A. Reports Strong Quarterly Financials
TipRanks (Thu, 9-May 7:34 AM ET)
Braskem S.A. reports Q1 results
Seeking Alpha News (Thu, 9-May 6:38 AM ET)
TipRanks (Thu, 9-May 5:32 AM ET)
PRNewswire (Thu, 9-May 1:45 AM ET)
Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company's geographical segments include Brazil; the United States and Europe and Mexico. It derives a majority of its revenue from Brazil. It produces olefins, such as ethylene, polymer and chemical-grade propylene, butadiene, and butene-1; fuels, such as automotive gasoline, liquefied petroleum gas, or LPG, ethyl tertiary-butyl ether, or ETBE, and methyl tertiary-butyl ether, or MTBE; intermediates, such as cumene and others.
Braskem SA ADR trades on the NYSE stock market under the symbol BAK.
As of May 13, 2024, BAK stock price climbed to $7.37 with 68,817 million shares trading.
BAK has a beta of 1.34, meaning it tends to be more sensitive to market movements. BAK has a correlation of 0.06 to the broad based SPY ETF.
BAK has a market cap of $2.94 billion. This is considered a Mid Cap stock.
In the last 3 years, BAK stock traded as high as $26.93 and as low as $6.26.
The top ETF exchange traded funds that BAK belongs to (by Net Assets): VWO, VXUS, SPEM, VEU, AVEM.
BAK has underperformed the market in the last year with a price return of -29.0% while the SPY ETF gained +27.9%. However, in the short term, BAK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.0% vs +4.3% return in SPY. But in the last 2 weeks, BAK shares have been beat by the market, returning -17.6% compared to an SPY return of +2.6%.
BAK support price is $7.13 and resistance is $7.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAK stock will trade within this expected range on the day.