Stock of Westlake Corp. (WLK) is moving down about 9 percent during Friday's morning trading following the company's announcement of first-quarter results, reporting a net loss of $40 million compared to net income of $174 million last year.
Currently, Westlake's stock is trading at $83.45, down 9.55 percent or $8.81, over the previous close of $92.27 on the New York Stock Exchange. The stock has traded between $78.81 and $161.31 in the last one year on an average volume of 775,864 shares.
The company said the year-over-year decrease was primarily due to lower sales volume and average sales price along with higher input costs in PEM segment, and lower average sales price and margins in HIP segment.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.