Westlake Corporation announces dual listing on NYSE Texas, enhancing its market presence while maintaining its primary listing on NYSE.
Quiver AI Summary
Westlake Corporation announced the dual listing of its common stock on the newly launched NYSE Texas, further enhancing its presence in the state where it has been headquartered for 40 years. Jean-Marc Gilson, President and CEO, expressed pride in joining the exchange to support Texas' capital markets while continuing to add value for shareholders. Westlake, a global manufacturer with operations across Asia, Europe, and North America, will retain its primary listing on the New York Stock Exchange and continue trading under the ticker symbol "WLK."
Potential Positives
- Westlake Corporation is expanding its market presence through a dual listing on the newly launched NYSE Texas, which may enhance liquidity and attract more investors.
- Joining NYSE Texas reinforces Westlake's connection to its home state, potentially bolstering local investor confidence and support.
- The announcement comes as Westlake celebrates its 40th anniversary, highlighting the company's long-term sustainability and commitment to growth.
- Westlake retains its primary listing on the New York Stock Exchange, ensuring continuity and stability for its existing shareholders.
Potential Negatives
- Dual listing on the newly launched NYSE Texas may indicate a need for diversification of trading venues, potentially signaling challenges with liquidity or investor interest in the primary NYSE listing.
- The press release lacks details on why Westlake chose to dual list, which could raise questions about the company's strategic direction and future growth prospects.
FAQ
What is the recent announcement by Westlake Corporation?
Westlake Corporation announced the dual listing of its common stock on the newly launched NYSE Texas.
Where is NYSE Texas headquartered?
NYSE Texas is headquartered in Dallas, Texas.
What does Westlake Corporation do?
Westlake is a global manufacturer and supplier of materials and innovative products for various industries.
Is Westlake's stock still listed on the New York Stock Exchange?
Yes, Westlake will maintain its primary listing on the New York Stock Exchange under the ticker symbol “WLK”.
Where can I find more information about Westlake Corporation?
More information can be found on Westlake Corporation's official website at www.westlake.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WLK Insider Trading Activity
$WLK insiders have traded $WLK stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $WLK stock by insiders over the last 6 months:
- MARK STEVEN BENDER (EVP & CFO) has made 0 purchases and 3 sales selling 33,822 shares for an estimated $3,604,033.
- ALBERT CHAO (Executive Chairman) has made 0 purchases and 2 sales selling 38,873 shares for an estimated $3,120,774.
- ROBERT F. BUESINGER (EVP, PEM Segment Head) sold 4,000 shares for an estimated $461,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WLK Revenue
$WLK had revenues of $3.3B in Q2 2026. This is an increase of 10.77% from the same period in the prior year.
You can track WLK financials on Quiver Quantitative's WLK stock page.
You can access data on WLK stock through the Quiver Quantitative API.
$WLK Hedge Fund Activity
We have seen 201 institutional investors add shares of $WLK stock to their portfolio, and 202 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ORBIS ALLAN GRAY LTD removed 3,209,155 shares (-60.6%) from their portfolio in Q2 2026, for an estimated $234,268,315
- WELLINGTON MANAGEMENT GROUP LLP removed 1,651,701 shares (-92.1%) from their portfolio in Q2 2026, for an estimated $120,574,173
- CAPITAL WORLD INVESTORS removed 1,368,658 shares (-32.5%) from their portfolio in Q2 2026, for an estimated $99,912,034
- AQR CAPITAL MANAGEMENT LLC added 1,310,383 shares (+503.9%) to their portfolio in Q2 2026, for an estimated $95,657,959
- VICTORY CAPITAL MANAGEMENT INC removed 1,108,522 shares (-99.5%) from their portfolio in Q2 2026, for an estimated $80,922,106
- FMR LLC removed 951,230 shares (-72.5%) from their portfolio in Q2 2026, for an estimated $69,439,790
- HOLOCENE ADVISORS, LP removed 730,035 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $53,292,555
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$WLK Analyst Ratings
Wall Street analysts have issued reports on $WLK in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 05/06/2026
To track analyst ratings and price targets for $WLK, check out Quiver Quantitative's $WLK forecast page.
$WLK Price Targets
Multiple analysts have issued price targets for $WLK recently. We have seen 11 analysts offer price targets for $WLK in the last 6 months, with a median target of $110.0.
Here are some recent targets:
- Vincent Andrews from Morgan Stanley set a target price of $92.0 on 07/02/2026
- John Roberts from Mizuho set a target price of $88.0 on 07/01/2026
- Matthew DeYoe from B of A Securities set a target price of $85.0 on 06/30/2026
- Patrick Cunningham from Citigroup set a target price of $85.0 on 06/24/2026
- Joshua Spector from UBS set a target price of $117.0 on 06/05/2026
- Jeffrey Zekauskas from JP Morgan set a target price of $90.0 on 05/18/2026
- Arun Viswanathan from RBC Capital set a target price of $130.0 on 05/11/2026
Full Release
HOUSTON, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Westlake Corporation (NYSE: WLK) (“Westlake”) (the “Company”) announced today the dual listing of its common stock on the NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas.
“We are pleased to join the NYSE Texas. Westlake is a global manufacturer celebrating 40 years of operations this year, and Texas has been home to our global headquarters since the very beginning. We welcome the opportunity to support the State of Texas' capital markets infrastructure as we continue to create value for our shareholders,” commented Jean-Marc Gilson, President and CEO of Westlake.
“As a leading global manufacturer with deep Texas roots, we are proud to welcome Westlake to our exchange,” said Bryan Daniel, President of NYSE Texas.
Westlake will maintain its primary listing on the New York Stock Exchange and trade with the same “WLK” ticker symbol on the NYSE Texas.
About Westlake
Celebrating 40 years of operations in 2026, Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North America, we provide the building blocks for vital solutions — from housing and construction, to packaging and healthcare, to automotive and consumer goods. For more information, visit the Company's web site at www.westlake.com .
Contacts
Media Inquiries : Ben Ederington, 713-960-9111
Investor Inquiries : Jonathan Baksht, 713-960-9111
