The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Celanese Corp shares valued at $407,119 were purchased by Sutton Scott McDougald on Mar 07 ’25. At $54.65 per share, Sutton Scott McDougald acquired 7,450 shares. The insider’s holdings grew to 15,000 shares worth approximately $0.79 million following the completion of this transaction.
Also, Murray Mark Christopher purchased 2,353 shares, netting a total of over 128,110 in proceeds. Following the buying of shares at $54.45 each, the insider now holds 13,989 shares.
Before that, MOORTHY GANESH had added 1,000 shares to its account. In a trade valued at $54,670, the Director bought Celanese Corp shares for $54.67 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.11 million.
As published in a research note from Vertical Research on March 06, 2025, Celanese Corp [CE] has been rated up from a Sell to a Hold and the price target has been revised to $66. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid February. As of January 14, 2025, BofA Securities has increased its “an Underperform” rating to a “Buy” for CE. Earlier on November 11, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for CE stock which previously was a “a Buy”.
Analyzing CE Stock Performance
During the last five days, there has been a drop of approximately -2.83%. Over the course of the year, Celanese Corp shares have dropped approximately -23.72%. Shares of the company reached a 52-week high of $75.84 on 01/27/25 and a 52-week low of $45.94 on 03/04/25. A 50-day SMA is recorded $64.12, while a 200-day SMA reached $105.80.
Support And Resistance Levels for Celanese Corp (CE)
According to the 24-hour chart, there is a support level at 51.94, which, if violated, would cause prices to drop to 51.10. In the upper region, resistance lies at 54.20. The next price resistance is at 55.62. RSI (Relative Strength Index) is 38.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.30, which suggests the price will increase in the coming days. Percent R is at 36.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
