|Bid||17.77 x 900|
|Ask||18.02 x 1100|
|Day's Range||17.31 - 18.02|
|52 Week Range||6.07 - 18.02|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Oct 04, 2019|
|1y Target Est||14.00|
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Braskem (BAK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
A former chief executive of Braskem SA, Brazil's largest petrochemicals company, pleaded guilty on Thursday to involvement in what U.S. prosecutors called a 13-year bribery scheme that involved Braskem's parent, Odebrecht SA. Jose Carlos Grubisich admitted in Brooklyn, New York, federal court to conspiring to violate anti-bribery provisions of the federal Foreign Corrupt Practices Act, and falsify Braskem's records and financial reports to conceal bribes.
Brazilian engineering company Novonor, formerly known as Odebrecht SA, said on Thursday it had resumed contacts with bidders to sell its controlling stake in petrochemical producer Braskem SA. Proceeds of the sale will pay the conglomerate's creditors, mainly the largest banks, as set forth in agreements with creditors within the bankruptcy protection process. Novonor paused discussions with Lyondell Basell Industries NV over the Braskem sale two years ago, when Braskem was under fire over environmental problems related to its mining activities in the northeastern city of Maceio.