The President & CEO of Westlake Chemical is Exercising Options


Today it was reported that the President & CEO of Westlake Chemical (WLK), Albert Chao, exercised options to buy 57,800 WLK shares at $10.26 a share, for a total transaction value of $593K. The options were close to expired and Albert Chao retained stocks.

This is Chao’s first Buy trade following 9 Sell transactions. This is Chao’s first transaction since reporting a Buy transaction on WLKP back in November 2018

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The company has a one-year high of $78.08 and a one-year low of $52.99. Currently, Westlake Chemical has an average volume of 607.23K. WLK’s market cap is $7.23B and the company has a P/E ratio of 17.33.

Four different firms, including Alembic Global and Deutsche Bank, currently also have a Buy rating on the stock.

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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.

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