Friday, February 23, 2018 10:15 PM ET
Insider Sales at Westlake Chemical (WLK) Extends the Selling Trend of Last Quarter
Westlake Chemical, today, saw two insiders — Max L Lukens, Director, and Mark Steven Bender, Officer — dispose 21,558 shares having a market value of approximately $2,391,637, as reported in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 2,674 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 24,232 shares and have averaged 8,077 shares per transaction over this time period.
The number of insider buy/sell trades at Westlake Chemical is higher than that of the 37 peer company average over the last 90-day period. The Commodity Chemicals peer group saw 25 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Westlake Chemical insiders is lower than its peers. Within the peer group there were 43,048 shares purchased and 230,657 shares sold with company insiders selling 7,504 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained to evaluate and write this story.
Today’s Insider Activity
* Max L Lukens, Director, sold 17,558 shares
* Mark Steven Bender, Officer, sold 4,000 shares
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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