Westlake Corporation’s recently made public that its Director Chao David Tsung-Hung unloaded Company’s shares for reported $0.23 million on Nov 29 ’24. In the deal valued at $129.08 per share,1,750 shares were sold. As a result of this transaction, Chao David Tsung-Hung now holds 7,784 shares worth roughly $0.67 million.
Then, Chao David Tsung-Hung bought 1,750 shares, generating $232,750 in total proceeds.
Before that, Chao David Tsung-Hung sold 1,750 shares. Westlake Corporation shares valued at $227,500 were divested by the Director at a price of $130.00 per share. As a result of the transaction, Chao David Tsung-Hung now holds 9,534 shares, worth roughly $0.82 million.
BofA Securities upgraded its Westlake Corporation [WLK] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “a Neutral”. JP Morgan also remained covering WLK and has increased its forecast on February 27, 2025 with a “Neutral” recommendation from previously “an Underweight” rating. Truist started covering the stock on January 28, 2025. It rated WLK as “a Buy”.
Price Performance Review of WLK
On Tuesday, Westlake Corporation [NYSE:WLK] saw its stock jump 1.02% to $86.53. Over the last five days, the stock has gained 9.77%. Westlake Corporation shares have fallen nearly -24.53% since the year began. Nevertheless, the stocks have fallen -44.99% over the past one year. While a 52-week high of $161.31 was reached on 01/28/25, a 52-week low of $76.97 was recorded on 05/07/25. SMA at 50 days reached $95.49, while 200 days put it at $121.23.
Levels Of Support And Resistance For WLK Stock
The 24-hour chart illustrates a support level at 85.47, which if violated will result in even more drops to 84.41. On the upside, there is a resistance level at 87.45. A further resistance level may holdings at 88.37. The Relative Strength Index (RSI) on the 14-day chart is 46.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.71%. Stochastics %K at 35.24% indicates the stock is a holding.
