Shares of Braskem S.A. (NYSE:BAK - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $4.17, but opened at $4.58. Braskem shares last traded at $4.79, with a volume of 686,240 shares trading hands.
Braskem Stock Up 15.2 %
The business's 50-day moving average price is $4.48 and its 200 day moving average price is $5.80. The company has a market capitalization of $1.92 billion, a P/E ratio of -1.35 and a beta of 2.01.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Braskem by 876.1% in the third quarter. JPMorgan Chase & Co. now owns 5,427 shares of the company's stock worth $40,000 after buying an additional 4,871 shares in the last quarter. Virtu Financial LLC bought a new position in Braskem in the 3rd quarter worth about $88,000. Jane Street Group LLC raised its holdings in shares of Braskem by 106.8% in the 3rd quarter. Jane Street Group LLC now owns 90,736 shares of the company's stock valued at $666,000 after acquiring an additional 46,858 shares in the last quarter. State Street Corp boosted its position in shares of Braskem by 2.3% during the 3rd quarter. State Street Corp now owns 228,110 shares of the company's stock valued at $1,674,000 after acquiring an additional 5,124 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Braskem by 329.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 176,800 shares of the company's stock valued at $1,298,000 after acquiring an additional 135,600 shares during the last quarter.
About Braskem
(
Get Free Report)
Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.
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