Celanese Corporation (CE) stock had a bullish inflow of $15.22 million worth of trades on uptick and an outflow of $11.86 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.28. The net money flow into the stock was $3.36 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $3.59 million. $3.59 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Celanese Corporation (CE) stock traded down $1.08 , and reached $64.71, a drop of -1.64% over the previous day. On a weekly basis, the stock is -0.77%, over the previous weeks close.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Celanese Corporation (NYSE:CE). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $81 per share to $77 per share. The rating by the firm was issued on July 28, 2016.
Celanese Corporation has dropped 2.5% in the last five trading days, however, the shares have posted positive gains of 2.81% in the last 4 weeks. Celanese Corporation has dropped 7.48% during the last 3-month period . Year-to-Date the stock performance stands at -2.45%.
Celanese Corporation (NYSE:CE): The stock opened at $65.89 on Tuesday but the bulls could not build on the opening and the stock topped out at $65.98 for the day. The stock traded down to $64.45 during the day, due to lack of any buying support eventually closed down at $64.65 with a loss of -1.73% for the day. The stock had closed at $65.79 on the previous day. The total traded volume was 1,287,041 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Celanese Corp, Hoffmeister David F had sold 8,300 shares worth of $531,615 in a transaction dated March 16, 2016. In this transaction, 8,300 shares were sold at $64.05 per share.
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.