Westlake Corporation (NYSE: WLK) is -30.27% lower on its value in year-to-date trading and has touched a low of $76.97 and a high of $161.31 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 $82.05 in the last trading session, with the day’s loss setting it -2.11%.
Currently trading at $79.94, the stock is -7.05% and -14.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing -2.57% at the moment leaves the stock -33.37% off its SMA200. WLK registered -48.82% loss for a year compared to 6-month loss of -37.67%.
The stock witnessed a -12.97% gain in the last 1 month and extending the period to 3 months gives it a -31.59%, and is -6.68% 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 3.43% over the week and 3.60% over the month.
Westlake Corporation (WLK) has around 15540 employees, a market worth around $10.25B and $12.01B in sales. Current P/E ratio is 26.88 and Fwd P/E is 15.08. Profit margin for the company is 3.20%. Distance from 52-week low is 3.86% and -50.44% from its 52-week high. The company has generated returns on investments over the last 12 months (2.45%).
The EPS is expected to shrink by -54.38% this year.
Westlake Corporation (WLK) Top Institutional Holders
The shares outstanding are 128.24M, and float is at 32.94M with Short Float at 8.47%.
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 3.1988% 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 2.988 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.41 million shares representing 2.6506% and valued at over $493.55 million, while VICTORY CAPITAL MANAGEMENT INC holds 2.2114 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).
