Sociedad Quimica y Minera S.A. (SQM) Shares are Up 7.09%

Sociedad Quimica y Minera S.A. (SQM) has been under a strong bear grip, hence the stock is down -2.5% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.91% in the past 1 week. The stock has risen by 7.09% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.03% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.62% and the 50-Day Moving Average is 5.75%.The 200 Day SMA reached 27.61%


Sociedad Quimica y Minera S.A. (NYSE:SQM): After opening at $26.44, the stock dipped to an intraday low of $26.18 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.03 and the buying power remained strong till the end. The stock closed at $26.9 for the day, a gain of 1.97% for the day session. The total traded volume was 803,413. The stocks close on the previous trading day was $26.9.

Sociedad Quimica y Minera S.A. (SQM) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $19. The average forecast of all the analysts is $24.78 and the expected standard deviation is $4.51.

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.