Westlake Chemical Partners LP’s recent filing unveils that its SVP, Olefin Material & Corp Pr Kenner Andrew acquired Company’s shares for reported $0.11 million on Mar 28 ’24. In the deal valued at $22.23 per share,5,000 shares were bought. As a result of this transaction, Kenner Andrew now holds 150,839 shares worth roughly $3.33 million.
Then, Kenner Andrew bought 4,230 shares, generating $93,737 in total proceeds. Upon buying the shares at $22.16, the SVP, Olefin Material & Corp Pr now owns 145,839 shares.
Before that, Kenner Andrew bought 5,000 shares. Westlake Chemical Partners LP shares valued at $111,500 were divested by the SVP, Olefin Material & Corp Pr at a price of $22.30 per share. As a result of the transaction, Kenner Andrew now holds 141,609 shares, worth roughly $3.12 million.
BofA Securities downgraded its Westlake Chemical Partners LP [WLKP] rating to an Underperform from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. Tudor Pickering also remained covering WLKP and has increased its forecast on August 20, 2020 with a “Hold” recommendation from previously “Sell” rating. Citigroup revised its rating on October 09, 2019. It rated WLKP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of WLKP
On Tuesday, Westlake Chemical Partners LP [NYSE:WLKP] saw its stock fall -1.47% to $22.05. Over the last five days, the stock has gained 0.87%. Westlake Chemical Partners LP shares have risen nearly 1.85% since the year began. Nevertheless, the stocks have risen 1.57% over the past one year. While a 52-week high of $23.68 was reached on 01/30/24, a 52-week low of $20.86 was recorded on 01/03/24. SMA at 50 days reached $22.18, while 200 days put it at $22.16. A total of 0.55 million shares were traded, compared to the trading of 18700.0 shares in the previous session.
Levels Of Support And Resistance For WLKP Stock
The 24-hour chart illustrates a support level at 21.83, which if violated will result in even more drops to 21.62. On the upside, there is a resistance level at 22.48. A further resistance level may holdings at 22.92. The Relative Strength Index (RSI) on the 14-day chart is 49.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.00%. Stochastics %K at 57.54% indicates the stock is a holding.
