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Westlake Chemical Corporation (WLK) Looks Good: Stock Adds 6.5% in Session

Zacks

Westlake Chemical Corporation WLK 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. The stock picked up sharply from the near-flat trend of $83.10 to $86.02 in the past one month time frame.

The move came after the company reported record net income for the third-quarter of 2017.

The company has seen three positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Westlake Chemical Corporation. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Westlake Chemical Corporation currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.


Another stock worth considering in the Chemical – Plastic industry is JSR CP UNSP ADR JSCPY which carries a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.

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