Large Outflow of Money Witnessed in Westlake Chemical Corporation

Westlake Chemical Corporation (WLK) During the most recent session, the shares traded at 1.3 points or 2.1% higher at $63.21. The money flow data is unimpressive with the net money flow value of $(-1.87) million. As per the intraday data, the upticks measured $11.27 million and the downticks measured $13.14 million. As a result, the up/down ratio registered a value of 0.86. The shares have seen -0.24% price change for the week.A block trade also made an entry with $0.87 million flowing in through upticks while $2.95 million flew out through downticks. The block tradeoff had the up/down ratio of 0.29. The net money flow for this big transaction was $(-2.08) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Westlake Chemical Corporation has dropped 0.4% in the last five trading days, however, the shares have posted positive gains of 14.43% in the last 4 weeks. Westlake Chemical Corporation is up 24.14% in the last 3-month period. Year-to-Date the stock performance stands at 14.43%. Westlake Chemical Corporation (NYSE:WLK) rose 3.49% or 2.16 points on Wednesday and made its way into the gainers of the day. After trading began at $61.75 the stock was seen hitting $64.18 as a peak level and $61.75 as the lowest level. The stock ended up at $64.07. The daily volume was measured at 1,343,671 shares. The 52-week high of the share price is $65.015 and the 52-week low is $39.48. The company has a market cap of $8,259 million.

Company has reported several Insider transactions to the SEC, on Nov 18, 2016, James Chao (Chairman) sold 20,000 shares at 54.28 per share price.On Nov 18, 2016, Albert Chao (President & CEO) sold 20,000 shares at 54.28 per share price.On Nov 17, 2016, Michael J. Mattina (Sr. VP, Polyethylene) sold 18,274 shares at 53.78 per share price.

Westlake Chemical Corporation Last issued its quarterly earnings results on Nov 8, 2016. The company reported $0.86 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.90. The company had revenue of $1279.00 million for the quarter, compared to analysts expectations of $1496.22 million. The companys revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Westlake Chemical Corporation is a vertically integrated international manufacturer and supplier of petrochemicals, polymers and fabricated products. The companys range of products includes ethylene, polyethylene, styrene, vinyl intermediates, PVC, PVC Pipe, PVC windows, fence and decking components.

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