BAK Stock Recent News

Brazilian petrochemical firm Braskem sent its shares soaring on Monday as it confirmed a bid from Unipar Carbocloro for a controlling stake in the company with a premium of more than 40% over its previous closing price.

Braskem shares were up big on Friday on reports of a potential buyout offer from Abu Dhabi National Oil and Apollo Global. On Monday, the company confirmed its controlling shareholder has received a preliminary offer.

Although public companies that suffer staggering losses often do so for good reason, sometimes, it might be worthwhile to take a shot with stocks at 52-week lows. Some of the justification comes down to the mechanics of contrarianism.

I'm taking a second look at international petrochemical player Braskem - a Brazil-based business with significant volatility. I believe the company should be approached with extreme care, despite some overall fundamentals that can be considered top-class.

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Braskem S.A. (NYSE:BAK ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET Company Participants Rosana Avolio - Director of Investor Relations, Strategic Planning and Market Intelligence Pedro Freitas - Chief Financial Officer Roberto Simões - Chief Executive Officer Conference Call Participants Pedro Soares - BTG Pactual Bruno Montanari - Morgan Stanley Leonardo Marcondes - Bank of America Merrill Lynch Vicente Falanga - Banco Bradesco BBI S.A.

Braskem SA (NYSE:BAK ) Q2 2022 Earnings Conference Call August 11, 2022 1:30 PM ET Company Participants Rosana Avolio - IR Manager Pedro Freitas - CFO Danilo Garcez - Mexico CFO Conference Call Participants Guilherme Levy - Morgan Stanley Luiz Carvalho - UBS Leonardo Marcondes - Bank of America Merrill Lynch Barbara Halberstadt - JPMorgan Chase & Co. Gabriel Barra - Citigroup Operator Good afternoon, and thank you for standing by. Welcome to conference call for Braskem's Third Quarter Earnings Results Call for 2022.

In this article, we'll take a look at Brazil-based international petrochemical giant Braskem. The company is one of the most crucial and diversified international chemical companies out there - but often gets overlooked by investors in favor of domestic businesses.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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