Westlake Corporation (NYSE: WLK) is -0.33% lower on its value in year-to-date trading and has touched a low of $108.95 and a high of $162.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WLK stock was last observed hovering at around $115.84 in the last trading session, with the day’s loss setting it -1.57%.
Currently trading at $114.27, the stock is -0.86% and -4.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -1.36% at the moment leaves the stock -17.77% off its SMA200. WLK registered -19.34% loss for a year compared to 6-month loss of -22.72%. The firm has a 50-day simple moving average (SMA 50) of $119.3104 and a 200-day simple moving average (SMA200) of $138.9653.
The stock witnessed a 0.72% gain in the last 1 month and extending the period to 3 months gives it a -13.41%, and is -2.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.70% over the week and 2.14% over the month.
Westlake Corporation (WLK) has around 15520 employees, a market worth around $14.71B and $12.12B in sales. Current P/E ratio is 160.88 and Fwd P/E is 15.37. Profit margin for the company is 0.79%. Distance from 52-week low is 4.88% and -29.74% from its 52-week high. The company has generated returns on investments over the last 12 months (0.60%).
The EPS is expected to shrink by -25.29% this year.
Westlake Corporation (WLK) Top Institutional Holders
554.0 institutions hold shares in Westlake Corporation (WLK), with institutional investors hold 100.13% of the company’s shares. The shares outstanding are 128.70M, and float is at 33.53M with Short Float at 4.55%. Institutions hold 26.68% of the Float.
The top institutional shareholder in the company is FMR LLC with over 4.11 million shares valued at $595.63 million. The investor’s holdings represent 3.2042% of the WLK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.84 million shares valued at $556.39 million to account for 2.9931 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.41 million shares representing 2.655% and valued at over $493.55 million, while VICTORY CAPITAL MANAGEMENT INC holds 2.2151 of the shares totaling 2.84 million with a market value of $411.76 million.
Westlake Corporation (WLK) Insider Activity
The most recent transaction is an insider sale by Chao David Tsung-Hung, the company’s Director. SEC filings show that Chao David Tsung-Hung sold 1,750 shares of the company’s common stock on Nov 29 ’24 at a price of $129.08 per share for a total of $0.23 million. Following the sale, the insider now owns 7784.0 shares.
Still, SEC filings show that on Nov 22 ’24, Chao David Tsung-Hung (Director) disposed off 1,750 shares at an average price of $130.00 for $0.23 million. The insider now directly holds 9,534 shares of Westlake Corporation (WLK).
