The Sr VP, CFO and Treasurer of Westlake Chemical Corp (NYSE: WLK) is Selling Shares

By Carrie Williams

Today, the Sr VP, CFO and Treasurer of Westlake Chemical Corp (NYSE: WLK), Mark Steven Bender, sold shares of WLK for $771.7K.

In addition to Mark Steven Bender, 10 other WLK executives reported Sell trades in the last month. Following Mark Steven Bender’s last WLK Sell transaction on February 16, 2017, the stock climbed by 1.9%.

Based on Westlake Chemical Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.74 billion and quarterly net profit of $98.51 million. In comparison, last year the company earned revenue of $987 million and had a net profit of $109 million. The company has a one year high of $66.83 and a one year low of $39.48. WLK’s market cap is $8.3B and the company has a P/E ratio of 21.03.

In the last 30 days, insiders have sold $3.99M worth of WLK shares and purchased $589.3K worth of WLK shares. The insider sentiment on Westlake Chemical Corp has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window, and door components, film, and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.