Celanese Corporation [CE] Investment Guide: What You Need to Know


Celanese Corporation’s recently made public that its SVP, EM Kelly Thomas Francis acquired Company’s shares for reported $0.21 million on May 19. In the deal valued at $107.29 per share,2,000 shares were bought. As a result of this transaction, Kelly Thomas Francis now holds 47,165 shares worth roughly $ 5.58 million.

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Then, Murray Mark Christopher bought 1,008 shares, generating $102,503 in total proceeds. Upon buying the shares at $101.69, the SVP – Acetyls now owns 11,597 shares.

Before that, Murray Mark Christopher bought 1,200 shares. Celanese Corporation shares valued at $140,580 were divested by the SVP – Acetyls at a price of $117.15 per share. As a result of the transaction, Murray Mark Christopher now holds 10,589 shares, worth roughly $1.25 million.

JP Morgan downgraded its Celanese Corporation [CE] rating to a Neutral from a an Overweight in a research note published on Friday, August 09, 2023; the price target was decreased to $122 from $135. PT values the company’s stock at a premium of 3.11 to its Friday closing price.

Price Performance Review of CE

On Friday, Celanese Corporation [NYSE:CE] saw its stock jump 0.53% to $118.21. On the same session, the stock had its day’s lowest price of $116.9155, but rose to a high of $119.085. Over the last five days, the stock has gained 0.43%. Celanese Corporation shares have risen nearly 15.62% since the year began. Nevertheless, the stocks have risen 1.56% over the past one year. While a 52-week high of $128.50 was reached on 07/27/23, a 52-week low of $86.71 was recorded on 03/24/23. SMA at 50 days reached $119.26, while 200 days put it at $112.11. A total of 1.1 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For CE Stock

The 24-hour chart illustrates a support level at 117.06, which if violated will result in even more drops to 115.90. On the upside, there is a resistance level at 119.22. A further resistance level may holdings at 120.24. The Relative Strength Index (RSI) on the 14-day chart is 42.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.76%. Stochastics %K at 15.51% indicates the stock is a buying.

How much short interest is there in Celanese Corporation?

A steep rise in short interest was recorded in Celanese Corporation stocks on Aug 14, 2023, growing by 0.48 million shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.12 million shares. There was a rise of 8.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.43.

According to FactSet, Celanese Corporation’s share price will average $129.82 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.55 percent from its previous closing price of $117.59. Analysts expect Celanese Corporation stock to reach the higher price of $155.00, while the lowest price estimate is $110.00. However, 25 analysts have rated CE stock as a Hold in their predictions for 2023.


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