Celanese Corp’s recent filing unveils that its EVP & COO Richardson Scott A unloaded Company’s shares for reported $0.61 million on Aug 19 ’24. In the deal valued at $129.51 per share,4,675 shares were sold. As a result of this transaction, Richardson Scott A now holds 69,754 shares worth roughly $9.28 million.
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Then, Richardson Scott A sold 4,675 shares, generating $604,992 in total proceeds. Upon selling the shares at $129.41, the EVP & COO now owns 65,079 shares.
Before that, Richardson Scott A bought 4,675 shares. Celanese Corp shares valued at $604,992 were divested by the Officer at a price of $129.41 per share.
KeyBanc Capital Markets downgraded its Celanese Corp [CE] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early September from “an Overweight” to “a Neutral”. JP Morgan also remained covering CE and has increased its forecast on August 05, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on April 04, 2024. It rated CE as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of CE
On Monday, Celanese Corp [NYSE:CE] saw its stock fall -2.18% to $133.00. Over the last five days, the stock has lost -1.96%. Celanese Corp shares have fallen nearly -14.40% since the year began. Nevertheless, the stocks have risen 14.02% over the past one year. While a 52-week high of $172.16 was reached on 03/28/24, a 52-week low of $110.76 was recorded on 09/11/24. SMA at 50 days reached $129.80, while 200 days put it at $144.48.
Levels Of Support And Resistance For CE Stock
The 24-hour chart illustrates a support level at 131.75, which if violated will result in even more drops to 130.50. On the upside, there is a resistance level at 134.96. A further resistance level may holdings at 136.92. The Relative Strength Index (RSI) on the 14-day chart is 50.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.09%. Stochastics %K at 66.60% indicates the stock is a holding.
How much short interest is there in Celanese Corp?
A steep rise in short interest was recorded in Celanese Corp stocks on 2024-09-30, growing by 0.74 million shares to a total of 5.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.9 million shares. There was a rise of 13.19%, which implies that there is a positive sentiment for the stock.
