Celanese Corp’s recent filing unveils that its Director MOORTHY GANESH acquired Company’s shares for reported $53290.0 on Mar 12 ’25. In the deal valued at $53.29 per share,1,000 shares were bought. As a result of this transaction, MOORTHY GANESH now holds 3,000 shares worth roughly $0.17 million.
Then, Sutton Scott McDougald bought 7,450 shares, generating $407,119 in total proceeds. Upon buying the shares at $54.65, the Director now owns 15,000 shares.
Before that, Murray Mark Christopher bought 2,353 shares. Celanese Corp shares valued at $128,110 were divested by the SVP – Acetyls at a price of $54.45 per share. As a result of the transaction, Murray Mark Christopher now holds 13,989 shares, worth roughly $0.8 million.
KeyBanc Capital Markets upgraded its Celanese Corp [CE] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Alembic Global Advisors’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Overweight”. Vertical Research also remained covering CE and has increased its forecast on March 06, 2025 with a “Hold” recommendation from previously “Sell” rating. RBC Capital Mkts revised its rating on February 20, 2025. It rated CE as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of CE
On Friday, Celanese Corp [NYSE:CE] saw its stock jump 0.49% to $57.10. Over the last five days, the stock has gained 0.09%. Celanese Corp shares have fallen nearly -17.50% since the year began. Nevertheless, the stocks have fallen -64.79% over the past one year. While a 52-week high of $172.16 was reached on 01/27/25, a 52-week low of $45.94 was recorded on 03/04/25. SMA at 50 days reached $62.61, while 200 days put it at $102.52.
Levels Of Support And Resistance For CE Stock
The 24-hour chart illustrates a support level at 55.89, which if violated will result in even more drops to 54.69. On the upside, there is a resistance level at 58.14. A further resistance level may holdings at 59.19. The Relative Strength Index (RSI) on the 14-day chart is 48.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.52%. Stochastics %K at 82.04% indicates the stock is a selling.
How much short interest is there in Celanese Corp?
A steep rise in short interest was recorded in Celanese Corp stocks on 2025-02-28, growing by 2.54 million shares to a total of 8.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.17 million shares. There was a rise of 29.15%, which implies that there is a positive sentiment for the stock.
