Westlake Chemical Rises On Unusually High Volume (WLK)
Westlake Chemical Corporation (NYSE:WLK) is trading at unusually high volume Monday with 1.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $5.89 (+7.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Westlake Chemical Corporation (NYSE: WLK) is trading at unusually high volume Monday with 1.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $5.89 (+7.1%) at $88.34 as of 3:11 p.m. ET.
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Westlake Chemical has a market cap of $5.41 billion and is part of the basic materials sector and chemicals industry. Shares are up 4% year to date as of the close of trading on Friday. Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Westlake Chemical as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westlake Chemical Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.