Celanese Corporation (CE) has risen sharply, recording gains of 2.82% in the past 4 weeks. However, the stock has corrected -1.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.02% and the fifty day Moving Average is 1.88%. Celanese Corporation has dropped 7.63% during the last three month period . Year-to-Date the stock performance stands at -1.6%.
Celanese Corporation (CE) : The consensus price target for Celanese Corporation (CE) is $75.13 for the short term with a standard deviation of $5.96. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $83, however, the pessimist price target for the company is $65.
Celanese Corporation (NYSE:CE): On Fridays trading session , Opening price of the stock was $66.11 with an intraday high of $66.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $64.88. However, the stock managed to close at $65.21, a loss of 1.17% for the day. On the previous day, the stock had closed at $65.98. The total traded volume of the day was 1,248,361 shares.
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.