Braskem S.A. Releases Detailed Voting Results
TipRanks (Wed, 1-May 7:31 AM ET)
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 May 3, 2024, BAK stock price climbed to $9.03 with 700,655 million shares trading.
BAK has a beta of 1.44, meaning it tends to be more sensitive to market movements. BAK has a correlation of 0.09 to the broad based SPY ETF.
BAK has a market cap of $3.60 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 stock has underperformed the market in the last year with a return of +18.7%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BAK shares. However, BAK has outperformed the market in the last 3 month and 2 week periods, returning +27.2% and +4.4%, while SPY returned +3.7% and +3.3%, respectively. This indicates BAK has been having a stronger performance recently.
BAK support price is $8.38 and resistance is $8.86 (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.