Notable negative changes in fundamentals have recently occurred for Westlake Corp (NYSE: WLK): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Westlake Corp (NYSE: WLK) has recently experienced significant negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WLK is expected to continue to be a Value Builder.
Westlake has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Westlake has a good Appreciation Score of 72 but a neutral Power Rating of 50, leading to the High Neutral Value Trend Rating.
Recent Price Action
Westlake Corp (NYSE: WLK) stock closed at $144.28 on 9/20/24 after a modest decline of -1.2%. Moreover, trading volume in this decline was exceptionally high at 222% of normal. The stock has risen 5.1% during the last week and has performed in line with the market over the last nine months.
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