Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Westlake Chemical Corporation fell $0.86 (-1.3%) to $64.39 on average volume. Throughout the day, 703,332 shares of Westlake Chemical Corporation exchanged hands as compared to its average daily volume of 729,600 shares. The stock ranged in price between $63.25-$65.52 after having opened the day at $65.03 as compared to the previous trading day's close of $65.25. Other companies within the Chemicals industry that declined today were:
), down 9.1%,
), down 5.2%,
), down 3.1% and
), down 3.0%.
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Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. Westlake Chemical Corporation has a market cap of $8.8 billion and is part of the basic materials sector. Shares are up 6.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Westlake Chemical Corporation a buy, 2 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Westlake Chemical Corporation
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Westlake Chemical Corporation Ratings Report.
On the positive front,
), up 5.8%,
), up 5.4%,
), up 3.9% and
), up 3.5% , were all gainers within the chemicals industry with
) being today's featured chemicals industry leader.
- Use our chemicals section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
) while those bearish on the chemicals industry could consider
- Find other investment ideas from our top rated ETFs lists.