Shares of Celanese Corporation (NYSE:CE) Sees Large Outflow of Money

Celanese Corporation (NYSE:CE) : Net money flow in Celanese Corporation (NYSE:CE) was negative ($2.27 million) and the inflow of money on uptick was $4.46 million, whereas, the outflow of money on downticks amounted to $6.72 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.66. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.67 million. On the other hand, the total value of block trades done on downticks was $3.49 million. The ratio of uptick to downtick block trades was 0.19. The money flow in block trades was negative ($2.82). Celanese Corporation (NYSE:CE) gained $1.61 cent during the day and reached $64.25, a gain of 2.57% over the previous day.


In an insider trading activity,The director of Celanese Corp, Hoffmeister David F sold 8,300 shares at $64.05 on March 16, 2016. The Insider selling transaction had a total value worth of $531,615. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.49% of Celanese Corporation shares according to the proxy statements. Institutional Investors own 98.55% of Celanese Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -35.61%.

The company shares have dropped -13.00% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $74.55 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $69.81 and the 200 Day Moving Average price is recorded at $65.94. Celanese Corporation (NYSE:CE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.60 and $63.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.41, notching a gain of 2.83% for the day. The total traded volume was 1,009,780 . The stock had closed at $62.64 on the previous day.

Celanese Corporation is a technology and specialty materials company. The Companys business involves processing chemical raw materials, such as methanol, carbon monoxide and ethylene, and natural products, including wood pulp into chemicals, thermoplastic polymers and other chemical-based products. It has four business segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Advanced Engineering segment products include polyoxymethylene, ultra-high molecular weight polyethylene, polybutylene terephthalate, and liquid crystal polymers, among others. Consumer Specialties products include acetate tow, acetate flakes, acetate film and high intensity sweeteners, among others. Industrial Specialties products include conventional emulsions, vinyl acetate ethylene emulsions and ethylene vinyl acetate, among others. Acetyl Intermediates include acetic acid, vinyl acetate monomer, acetic anhydride and acetaldehyde, among others.

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