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Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23
PRNewswire (Tue, 19-Mar 9:05 AM ET)
Business Wire (Thu, 14-Mar 8:00 AM ET)
Braskem Donates to the Mary M. Campbell Marcus Hook Public Library
Business Wire (Fri, 8-Mar 8:30 AM ET)
Braskem Hosts 25th Red Cross Blood Drive in Partnership with the American Red Cross
Business Wire (Mon, 26-Feb 8:00 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 April 18, 2024, BAK stock price climbed to $8.64 with 1,186,411 million shares trading.
BAK has a beta of 1.46, meaning it tends to be more sensitive to market movements. BAK has a correlation of 0.08 to the broad based SPY ETF.
BAK has a market cap of $3.44 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, AVEM, VEU.
BAK has underperformed the market in the last year with a price return of +3.8% while the SPY ETF gained +22.3%. However, in the short term, BAK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.4% vs +6.1% return in SPY. But in the last 2 weeks, BAK shares have been beat by the market, returning -16.2% compared to an SPY return of -3.8%.
BAK support price is $8.35 and resistance is $8.79 (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.