On a relative basis, the stock has outperformed the S&P 500 by 0.02% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.13% in the last 1 week, and is up 6.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Westlake Chemical Corporation (NYSE:WLK): The stock opened at $45.09 on Friday but the bulls could not build on the opening and the stock topped out at $45.84 for the day. The stock traded down to $44.86 during the day, due to lack of any buying support eventually closed down at $45.36 with a loss of -2.66% for the day. The stock had closed at $46.60 on the previous day. The total traded volume was 1,436,892 shares.
The stock has recorded a 20-day Moving Average of 4.11% and the 50-Day Moving Average is 2.99%. Westlake Chemical Corp. has dropped 12.01% during the last 3-month period . Year-to-Date the stock performance stands at -15.77%.
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.