Large Inflow of Money Witnessed in Westlake Chemical Corporation

Westlake Chemical Corporation (NYSE:WLK) dropped by -0.68 or -0.3 points during the last session to $43.56 per share. One of the highlights of the day was the net money flow figure, which stood at $1.29 million even as the stock accepted $3.28 million in upticks but rejected $1.99 million in downticks. The up/down ratio for the last observation was a 1.65. The 1-week percentage change for the stock price is registered at -0.55%.A block transaction occurred with $0.44 million in upticks and $0 million in downticks while the up/down ratio was calculated to be 0. The stock witnessed a net inflow of $0.44 million at the end of the block trade.


The stock has recorded a 20-day Moving Average of 2.39% and the 50-Day Moving Average is 5.79%. The company shares have dropped 39.54% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $73.05 and one year low was seen on February 24, 2016 at $39.9. The 50-day moving average is $45.09 and the 200 day moving average is recorded at $47.02. S&P 500 has rallied 1.93% during the last 52-weeks.

Westlake Chemical Corporation (NYSE:WLK): The stock opened at $43.87 on Tuesday but the bulls could not build on the opening and the stock topped out at $44.11 for the day. The stock traded down to $43.12 during the day, due to lack of any buying support eventually closed down at $43.48 with a loss of -0.87% for the day. The stock had closed at $43.86 on the previous day. The total traded volume was 1,034,900 shares.

Currently the company Insiders own 71.7% of Westlake Chemical Corporation shares according to the proxy statements. Institutional Investors own 29.65% of Westlake Chemical Corporation shares. On the companys insider trading activities, Mangieri George J, officer (VP & Chief Accounting Officer) of Westlake Chemical Corp, unloaded 2,785 shares at an average price of $60.2 on November 10, 2015. The total amount of the transaction was worth $167,657, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated building products. The Companys products include a range of chemicals used in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two principal operating segments, Olefins and Vinyls. The Company is an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products. The Olefins segment manufactures a range of petrochemical products. The Vinyls segment primarily offers PVC, vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlorine, caustic soda and, through Westlake Chemical OpCo LP, ethylene.

Leave a Reply

Get Pre-Market Alerts!

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