.jpg "Westlake Chemical Corp (NYSE: WLK)")
Today, the Chairman of Westlake Chemical Corp (NYSE: WLK), James Chao, sold shares of WLK for $4.02M.
Following James Chao’s last WLK Sell transaction on November 27, 2017, the stock climbed by 26.5%. In addition to James Chao, 5 other WLK executives reported Sell trades in the last month.
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Based on Westlake Chemical Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.15 billion and quarterly net profit of $285 million. In comparison, last year the company earned revenue of $1.94 billion and had a net profit of $137 million. WLK’s market cap is $15.62B and the company has a P/E ratio of 10.84. Currently, Westlake Chemical Corp has an average volume of 86.76K.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $125.29, reflecting a -4.5% downside.
In the last 30 days, insiders have sold $8.44M worth of WLK shares and purchased $79.66K worth of WLK shares. The insider sentiment on Westlake Chemical Corp has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility.
