BAK Stock Summary and Trading Ideas (Braskem SA ADR | NYSE:BAK)

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 19, 2024, BAK stock price climbed to $8.65 with 631,191 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 $3.45 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 +7.9% while the SPY ETF gained +21.2%. However, in the short term, BAK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +19.5% vs +4.3% return in SPY. But in the last 2 weeks, BAK shares have been beat by the market, returning -16.6% compared to an SPY return of -3.5%.

BAK support price is $8.42 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.