Westlake Chemical Reaches New 52-Week High (WLK)

NEW YORK ( TheStreet) -- Westlake Chemical Corporation (NYSE: WLK) hit a new 52-week high Monday as it is currently trading at $99.86, above its previous 52-week high of $99.69 with 14,873 shares traded as of 9:36 a.m. ET. Average volume has been 577,900 shares over the past 30 days.

Westlake Chemical has a market cap of $6.55 billion and is part of the basic materials sector and chemicals industry. Shares are up 25% 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.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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, largely solid financial position with reasonable debt levels by most measures, 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 Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..

null

More from Markets

Tencent Posts Big Second Quarter Earning Miss as Game Problems Persist

Tencent Posts Big Second Quarter Earning Miss as Game Problems Persist

Stocks Slide, Dollar Rises as China Markets, Lira Crisis Keep Investors Cautious

Stocks Slide, Dollar Rises as China Markets, Lira Crisis Keep Investors Cautious

U.K. Inflation Rises for First Time in 8 Months as Pound Continues to Tumble

U.K. Inflation Rises for First Time in 8 Months as Pound Continues to Tumble

RBS Confirms First Dividend In a Decade After $4.9 Billion DoJ Settlement

RBS Confirms First Dividend In a Decade After $4.9 Billion DoJ Settlement

Tesla's Musk Has Serious Dell Envy; Hedge Funds Reveal Portfolio Changes - ICYMI

Tesla's Musk Has Serious Dell Envy; Hedge Funds Reveal Portfolio Changes - ICYMI