Braskem Sees Unusually Large Options Volume (BAK)
Braskem SA (NYSE:BAK) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 8,333 call options on the company. This is an increase of approximately 3,945% compared to the average daily volume of 206 call options.
A number of analysts have issued reports on the stock. ValuEngine raised shares of Braskem from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. HSBC downgraded shares of Braskem from a “buy” rating to a “hold” rating in a report on Friday, September 28th.
NYSE BAK opened at $26.14 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 5.51. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 8.17 and a beta of 1.10. Braskem has a 12-month low of $21.32 and a 12-month high of $32.67.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/11/14/braskem-sees-unusually-large-options-volume-bak.html.
Braskem Company Profile
Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. Its Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, and butene-1; BTX products comprising benzene, para-xylene, and toluene; fuels, including automotive gasoline, liquefied petroleum gas, ethyl tertiary butyl ether, and methyl tertiary butyl ether; intermediates, such as cumene; and aliphatics, aromatics, and hydrogenates solvents, as well as specialties, such as isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.
Featured Story: Why is the ex-dividend date different from the record date?
Receive News & Ratings for Braskem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braskem and related companies with MarketBeat.com's FREE daily email newsletter.