Shares last traded at $21.85 which is just a bit higher than the 50 day moving average which is $20.31 and a tad higher than the 200 day moving average of $20.78. The 50 day moving average moved up $1.54 whereas the 200 day moving average was up $1.07 or +5.17%. 412K shares changed hands in the last trading session. Trading volume was down 34.80% under the stocks average daily volume.
Here are a few other firms who have also updated their positions. As of quarter end Creative Planning had acquired a total of 200 shares growing its holdings by 166.7%. The value in dollars increased from $2,000 to $7,000 a change of 250.0% quarter to quarter. As of the end of the quarter Bank Of Montreal /can/ had sold 300 shares trimming its position 1.3%. The value of the total investment in Braskem SA ADR went from $472,000 to $474,000 increasing 0.4% quarter over quarter.
Morgan Stanley cut its stake by shedding 3,369 shares a decrease of 87.1% as of 03/31/2017. Morgan Stanley now controls 500 shares with a value of $10,000. The value of the position overall is down by 87.8%. As of quarter end Tower Research Capital LLC (trc) had sold a total of 151 shares trimming its stake by 60.2%. The value of the investment in Braskem SA ADR decreased from $5,000 to $2,000 a change of $3,000 since the last quarter.
On May 20, 2015 the stock rating was rated “Neutral” by JP Morgan which is down from the previous “Overweight” rating.
The company is up by 2.87 percent from yesterday’s close.
Braskem S.A. (Braskem), launched on January 12, 1972, produces thermoplastic resins. The Business’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. Braskem is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, as well as the provision of industrial services and the production, supply and sale of electric energy for its own use and use by other companies. Braskem also invests in other companies, either as a partner or as shareholder. It operates over 40 industrial units, over 30 of which are located in the Brazilian states of Alagoas (AL), Bahia (BA), Rio de Janeiro (RJ), Rio Grande do Sul (RS) and Sao Paulo (SP); over five are located in the United States, in the states of Pennsylvania, Texas and West Virginia, and over two are located in Germany, in the cities of Wesseling and Schkopau. These units produce thermoplastic resins-polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC), as well as basic petrochemicals..Advertisement