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 $8.71 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.
Vertical Research downgraded its Celanese Corp [CE] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Sector weight”. Piper Sandler also remained covering CE and has decreased its forecast on September 05, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on August 05, 2024. It rated CE as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of CE
On Friday, Celanese Corp [NYSE:CE] saw its stock fall -0.92% to $124.81. Over the last five days, the stock has lost -3.15%. Celanese Corp shares have fallen nearly -19.67% since the year began. Nevertheless, the stocks have risen 10.43% 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 $129.77, while 200 days put it at $143.63.
Levels Of Support And Resistance For CE Stock
The 24-hour chart illustrates a support level at 124.01, which if violated will result in even more drops to 123.21. On the upside, there is a resistance level at 126.17. A further resistance level may holdings at 127.53. The Relative Strength Index (RSI) on the 14-day chart is 37.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.02%. Stochastics %K at 6.91% indicates the stock is a buying.
How much short interest is there in Celanese Corp?
A steep rise in short interest was recorded in Celanese Corp stocks on 2024-10-15, growing by 0.48 million shares to a total of 5.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.19 million shares. There was a rise of 8.38%, which implies that there is a positive sentiment for the stock.
