Large Outflow of Money Witnessed in Sociedad Quimica y Minera S.A.

Sociedad Quimica y Minera S.A. (SQM) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.04 million) and the uptick to downtick ratio was 0.25. The transaction value on upticks was $0.36 million and on downticks, the transaction value was $1.4 million. The transaction value of block trades during downticks was $0.87 million. The money flow was negative ($0.87 million), indicating the traders were booking profit on the price strength. Sociedad Quimica y Minera S.A. (SQM) rose $0.3 at $25.04, during intraday Friday , a rise of 1.21% over the previous days close.


Sociedad Quimica y Minera S.A. (SQM) : The consensus price target for Sociedad Quimica y Minera S.A. (SQM) is $24.18 for the short term with a standard deviation of $3.99. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $28, however, the pessimist price target for the company is $19.

Sociedad Quimica y Minera S.A. (NYSE:SQM): stock turned positive on Friday. Though the stock opened at $24.67, the bulls momentum made the stock top out at $25.1 level for the day. The stock recorded a low of $24.6 and closed the trading day at $24.93, in the green by 0.77%. The total traded volume for the day was 374,794. The stock had closed at $24.74 in the previous days trading.

Sociedad Quimica y Minera de Chile S.A. (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. It produces four types of specialty plant nutrients: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends. It produces iodine and iodine derivatives, which are used in a range of medical, pharmaceutical, agricultural and industrial applications. It is also a producer of lithium carbonate, which is used in a range of applications. SQM produces potassium chloride and potassium sulfate from brines extracted from the Salar de Atacama. It produces four industrial chemicals: sodium nitrate, potassium nitrate, boric acid and potassium chloride. In addition, it sells other fertilizers and blends, some of which it does not produce.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.