Westlake Chemical Corporation (NYSE:WLK) : During the past 4 weeks, traders have been relatively bearish on Westlake Chemical Corporation (NYSE:WLK), hence the stock is down -7.76% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.95% relative to the S&P 500. The stock has risen by 0.32% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.27% in the past 4 weeks.
The company shares have dropped -33.43% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $67.84 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $43.69 and the 200 Day Moving Average price is recorded at $45.90.
The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 2.73%.
Westlake Chemical Corporation (NYSE:WLK): stock turned positive on Friday. Though the stock opened at $42.56, the bulls momentum made the stock top out at $43.7299 level for the day. The stock recorded a low of $42.56 and closed the trading day at $43.49, in the green by 3.97%. The total traded volume for the day was 626,249. The stock had closed at $41.83 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Mangieri George J, officer (VP & Chief Accounting Officer) of Westlake Chemical Corp, had unloaded 2,785 shares at an average price of $60.2 in a transaction dated on November 10, 2015. The total value of the transaction was worth $167,657.
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.