Westlake Chemical Corporation (WLK - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% 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 of the company, as the stock is now trading above the volatile price range of $60.82 to $69.93 in the past one-month time frame.
The company has not seen any estimate revision in the past month, while the Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Westlake Chemical currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Investors interested in the Chemical - Plastic industry may consider a better-ranked stock like Nexeo Solutions, Inc. , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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