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

Celanese Corporation (CE) : The total money flow in Celanese Corporation (CE) was negative ($1.82 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $3.86 million. Transactions on upticks were comparatively lower at $2.04 million. The uptick to downtick ratio was 0.53. The total block trades on downticks were valued at $1.14 million. The money flow during block trades was negative ($1.14 million) when the stock traded with a gain of $45 cent. Celanese Corporation (CE) was $65.17, an increase of 0.7% over the previous days close.


Celanese Corporation (CE) : The consensus price target for Celanese Corporation (CE) is $76 for the short term with a standard deviation of $6.04. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $82, however, the pessimist price target for the company is $65. The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 6.02%.

Celanese Corporation (NYSE:CE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.08 and $64.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.34, notching a gain of 0.96% for the day. The total traded volume was 742,741 . The stock had closed at $64.72 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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