Why Sociedad Quimica y Minera de Chile Stock Popped 13.5% This Morning
Shares of famed Chilean lithium miner Sociedad Quimica y Minera de Chile (NYSE: SQM) -- famed as one of the few ways investors can play the rise of electric vehicles powered by lithium batteries -- notched a swift 13.5% gain in early Monday trading, before falling back to enjoy a more modest 8.1% rise as of 11:15 a.m. EST.
Believe it or not, this entire price movement appears to be tied to an election victory in Chile.
Sociedad Quimica stock is on fire today. But is this good news for value investors? Image source: Getty Images.
Source: Fool.com
Sociedad Quimica y Minera de Chile SA ADR Stock
€39.10
2.090%
With 27 Buy predictions and 2 Sell predictions Sociedad Quimica y Minera de Chile SA ADR is one of the favorites of our community.
With a target price of 45 € there is a slightly positive potential of 15.09% for Sociedad Quimica y Minera de Chile SA ADR compared to the current price of 39.1 €.
