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.
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