Celanese Corporation (NYSE:CE) has been under a strong bear grip, hence the stock is down -6.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.36% in the past 1 week. The stock has risen by 1.65% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.02% in the past 4 weeks.
The company shares have dropped -3.38% 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 $68.74 and the 200 Day Moving Average price is recorded at $65.92.
The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 3.27%.
Celanese Corporation (NYSE:CE): stock turned positive on Friday. Though the stock opened at $66.21, the bulls momentum made the stock top out at $67.37 level for the day. The stock recorded a low of $66.046 and closed the trading day at $67.14, in the green by 2.75%. The total traded volume for the day was 631,151. The stock had closed at $65.34 in the previous days trading.
In an insider trading activity, Hoffmeister David F, director of Celanese Corp, unloaded 8,300 shares at an average price of $64.05 on March 16, 2016. The total amount of the transaction was worth $531,615, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.