On May 3, 2024, Mark Bender, Executive Vice President and Chief Financial Officer of Westlake Corp (WLK, Financial), sold 4,950 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider has sold a total of 14,608 shares over the past year, with no recorded purchases.
Westlake Corp (WLK, Financial) is a global manufacturer and supplier of materials and innovative products that enhance life every day. The company operates in two segments: Performance Materials and Housing & Infrastructure Products. Westlake delivers a wide range of products including ethylene, polyethylene, styrene, and associated co-products, as well as building products like siding, pipe, and fittings.
On the date of the sale, shares of Westlake Corp were priced at $152.19, resulting in a market cap of approximately $19.57 billion. The company's price-earnings ratio stood at 76.49, significantly above both the industry median of 24.25 and the historical median for the company.
The GF Value for Westlake Corp is calculated at $114.01, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.33.
Over the past year, there have been no insider buys and seven insider sells at Westlake Corp, reflecting a trend of insider sales.
This recent transaction by the insider may interest investors tracking insider behaviors and the valuation metrics of Westlake Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
