Westlake Chemical (WLK) Jumps: Stock Up 6.1% - Tale of the Tape

Loading...
Loading...
Westlake Chemical Corp. WLK was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $20.21 to $20.89 in the past one-month timeframe.

In the last 30 days, the company witness one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Westlake Chemical currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Other well-performing Chem-plastics stocks include Kraton Performance Polymers Inc. KRA, A. Schulman, Inc. SHLM and PolyOne Corporation POL. While A. Schulman sports a Zacks Rank #1 (Strong Buy), PolyOne and Kraton carry the same Zacks Rank as Westlake Chemical.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



KRATON PERFORM KRA: Free Stock Analysis Report

POLYONE CORP POL: Free Stock Analysis Report

SCHULMANA INC SHLM: Free Stock Analysis Report

WESTLAKE CHEM WLK: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...