Westlake Chemical Corporation (NYSE:WLK) traded higher in the last at $46.4, gaining 1.34 points or 2.97%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-8.35) million. The composite uptick value of $48.22 million was eclipsed by the accrued downtick value of $56.57 million, thereby ensuring the up/down ratio of 0.85. For the week, the shares have posted returns of 3.32%.A block trade registered during the day has revealed $5.16 million in upticks and $12.24 million in downticks. The up/down ratio in this case turned out to be 0.42. The net money flow for the block trade was $(-7.08) million.
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,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 (NYSE:WLK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.51 points or 3.25% at $44.89 with 2,322,107 shares getting traded. Post opening the session at $45.97, the shares hit an intraday low of $44.85 and an intraday high of $46.81 and the price was in this range throughout the day. The company has a market cap of $5,849 million and the number of outstanding shares have been calculated to be 130,306,311 shares. The 52-week high of Westlake Chemical Corporation (NYSE:WLK) is $73.05 and the 52-week low is $39.9.
Many analysts have stated their opinion on the company shares. Equity Analysts at the JP Morgan maintains the rating on Westlake Chemical Corporation (NYSE:WLK). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $52 per share to $55 per share. The rating by the firm was issued on May 16, 2016.
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.