Large Outflow of Money Witnessed in Celanese Corporation

Celanese Corporation (NYSE:CE) surged 0.04% during the last session. The last traded price was up 0.03 points at $70.72. The data for the fund flow suggests that the net intraday money flow was $(-2.33) million. The fund value in upticks was recorded to be $4.71 million and in downticks, it was found to be $7.04 million. The up/down ratio for the day was measured to be 0.67. For the week, the shares have seen a percentage change of 0.07%.A block trade of $(-2.13) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $2.13 million. The block tradeoff had the up/down ratio of 0.


Currently the company Insiders own 0.49% of Celanese Corporation shares according to the proxy statements. Institutional Investors own 98.57% of Celanese Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -35.61%. On the companys insider trading activities, The director, of Celanese Corp, Hoffmeister David F had unloaded 8,300 shares at $64.05 per share in a transaction on March 16, 2016. The total value of transaction was $531,615. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Celanese Corporation (NYSE:CE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.83 points or 1.17% at $69.86 with 684,658 shares getting traded. Post opening the session at $70.32, the shares hit an intraday low of $69.56 and an intraday high of $71 and the price was in this range throughout the day. The company has a market cap of $10,301 million and the number of outstanding shares have been calculated to be 147,445,190 shares. The 52-week high of Celanese Corporation (NYSE:CE) is $74.55 and the 52-week low is $54.35.

Many analysts have stated their opinion on the company shares. Brokerage firm Cowen & Company upgrades its rating on Celanese Corporation (NYSE:CE). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 29, 2016.

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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