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Insider Trends: Westlake Chemical Sees 90 Days of Insider Buying Trend Scaling Back with Share Sale

05/11/2021 08:26

12:16 PM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Robert F Buesinger, EVP, Vinyl Products, reported a sale of 5,000 shares in Westlake Chemical (WLK) for $525,000. Buesinger, after the transactions defined in the SEC Form 4 filing, owns 8,217 shares of the company, with a market value, based on the prior-day closing price, of $843,064.

During the most recent 90-day period, previous to the date of this filing, there have been 37 insider transactions reported to the SEC for Westlake Chemical. These transactions came from the activities of 9 individual insiders that resulted in a net acquisition of 32,488 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 2 insiders that resulted in the net disposition of 5,924 shares.

This is lower than the average level of insider transactions in the 38-company Commodity Chemicals peer group over the last 90-day period. Activity in the peer group averaged 86.8 transactions per company, and disposition of 35,193 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1262823/000156761921009506/xslF345X03/doc1.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.