WLK - M. Steven Bender Implements A Sell Strategy: Offloads $677K In Westlake Stock | Benzinga
M. Steven Bender, EVP & CFO at Westlake (NYSE:WLK), executed a substantial insider sell on March 7, according to an SEC filing.
What Happened: After conducting a thorough analysis, Bender sold 4,804 shares of Westlake. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $677,455.
As of Thursday morning, Westlake shares are down by 0.0%, currently priced at $141.17.
Delving into Westlake's Background
Westlake Corp is a manufacturer and supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.
Understanding the Numbers: Westlake's Finances
Revenue Challenges: Westlake's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -14.34%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a ...