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 $5.34 million.
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
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.
UBS downgraded its Celanese Corp [CE] rating to a Neutral from a a Buy in a research note published on November 11, 2024; the price target was decreased to $97 from $161. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in mid November from “a Market perform” to “an Underperform”. Piper Sandler also remained covering CE and has decreased its forecast on November 08, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Deutsche Bank revised its rating on November 06, 2024. It rated CE as “a Buy” which previously was an “a Hold”.
Price Performance Review of CE
On Monday, Celanese Corp [NYSE:CE] saw its stock jump 2.41% to $76.50. Over the last five days, the stock has gained 4.79%. Celanese Corp shares have fallen nearly -50.76% since the year began. Nevertheless, the stocks have fallen -42.46% over the past one year. While a 52-week high of $172.16 was reached on 03/28/24, a 52-week low of $71.38 was recorded on 11/20/24. SMA at 50 days reached $115.77, while 200 days put it at $138.39.
Levels Of Support And Resistance For CE Stock
The 24-hour chart illustrates a support level at 74.99, which if violated will result in even more drops to 73.48. On the upside, there is a resistance level at 77.72. A further resistance level may holdings at 78.94. The Relative Strength Index (RSI) on the 14-day chart is 21.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.64%. Stochastics %K at 13.60% 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 2024-10-31, dropping by 86357.0 shares to a total of 5.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.64 million shares. There was a decline of -1.55%, which implies that there is a negative sentiment for the stock.
