Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Celanese Corp shares valued at $605,459 were sold by Richardson Scott A on Aug 19 ’24. At $129.51 per share, Richardson Scott A sold 4,675 shares. The insider’s holdings dropped to 69,754 shares worth approximately $9.41 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Richardson Scott A sold 4,675 shares, netting a total of over 604,992 in proceeds. Following the sale of shares at $129.41 each, the insider now holds 65,079 shares.
Before that, Richardson Scott A had added 4,675 shares to its account. In a trade valued at $604,992, the Officer bought Celanese Corp shares for $129.41 each.
As published in a research note from KeyBanc Capital Markets on October 07, 2024, Celanese Corp [CE] has been rated down from an Overweight to a Sector weight. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of August 05, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for CE. Earlier on April 04, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for CE stock which previously was a “a Neutral”.
Analyzing CE Stock Performance
During the last five days, there has been a surge of approximately 1.29%. Over the course of the year, Celanese Corp shares have dropped approximately -13.13%. Shares of the company reached a 52-week high of $172.16 on 03/28/24 and a 52-week low of $116.88 on 09/11/24. A 50-day SMA is recorded $129.27, while a 200-day SMA reached $144.73. Nevertheless, trading volume fell to 0.86 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Celanese Corp (CE)
According to the 24-hour chart, there is a support level at 134.34, which, if violated, would cause prices to drop to 133.70. In the upper region, resistance lies at 136.14. The next price resistance is at 137.31. RSI (Relative Strength Index) is 54.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 54.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
