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home / news releases / BAK - Watch for Continued Gains in Shares of Braskem SA ADR (BAK)


BAK - Watch for Continued Gains in Shares of Braskem SA ADR (BAK)

Braskem SA ADR (NYSE:BAK) traded at a new 52-week high today of $20.45. So far today approximately 112,000 shares have been exchanged, as compared to an average 30-day volume of 302,000 shares.

Based on a current price of $20.45, Braskem SA ADR is currently 12.9% above its average consensus analyst price target of $17.82.

Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company also generates electricity. The firm's five segments are based on product type or geography. The chemicals Unit segment, which generates the most revenue of any segment, sells petrochemicals throughout Brazil. The polyolefins segment sells polyethylene and polypropylene. The vinyls segment sells polymer vinyl chloride, caustic soda, and chloride. The USA and Europe Unit includes the production, operations and sale of polypropylene in the United States and Germany. The Mexico Unit includes the production, operations and sale of ethylene, HDPE and LDPE in Mexico. The majority of revenue comes from Brazil.

Braskem SA ADR share prices have moved between a 52-week high of $20.45 and a 52-week low of $6.74 and are now trading 203% above that low price at $20.45 per share.

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Stock Information

Company Name: Braskem SA ADR
Stock Symbol: BAK
Market: NYSE
Website: braskem.com.br

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