Westlake Chemical Corporation (WLK) : The money flow analysis of Westlake Chemical Corporation (WLK) indicates a $10.93 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $12.69 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.16 and so was the total money flow at $1.77 million. The bulls lapped up $1.93 million worth of block trades on upticks. The money flow was $1.93 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Westlake Chemical Corporation (WLK), pushing it down by -2.66% for the day. The stock slid $1.24 and traded at $45.36 during the day. Nonetheless, the stock is 0.13% over the previous weeks close.
Westlake Chemical Corporation (WLK) : The consensus price target for Westlake Chemical Corporation (WLK) is $55.4 for the short term with a standard deviation of $3.58. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $52.
Westlake Chemical Corporation (NYSE:WLK): On Fridays trading session , Opening price of the stock was $45.09 with an intraday high of $45.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.86. However, the stock managed to close at $45.36, a loss of 2.66% for the day. On the previous day, the stock had closed at $46.6. The total traded volume of the day was 1,436,892 shares.
In a related news,The officer (VP & Chief Accounting Officer) of Westlake Chemical Corp, Mangieri George J sold 2,785 shares at $60.2 on November 10, 2015. The Insider selling transaction had a total value worth of $167,657. The Insider information was disclosed 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.