Significant Insider Selling Continues at Westlake Chemical (WLK)

Wednesday, November 22, 2017 10:15 PM ET

Significant Insider Selling Continues at Westlake Chemical (WLK)

There was a notable insider sale of Westlake Chemical shares today, as revealed in a filing with the SEC as — Mark Steven Bender, Officer — disposed of 20,382 shares in the company having a market value of approximately $1,921,309 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 4,367 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 24,749 shares and have averaged 12,375 shares per transaction over this time period.

The trading activity at Westlake Chemical for buy-sell trades is close to that of the 35 member peer company average. The average level of shares per transaction for Westlake Chemical insider buy-sell trading is close to that of the company’s peer group. Within the Commodity Chemicals peer group there were 300 shares purchased and 856,664 shares sold resulting in an average of 11,739 shares traded and netting out with company insiders disposing of 11,731 shares on average.

The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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