Large Outflow of Money Witnessed in Celanese Corporation

Celanese Corporation (CE) : Wednesdays money flow analysis of Celanese Corporation (CE) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $12.4 million. In comparison, the inflow of money on upticks was a meager $9.44 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.96 million. The uptick to downtick ratio of 0.76 in the money flow shows weakness. The uptick block trades were valued at $1.67 million. The downtick transaction value was high at $2.9 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.58. Hence, the net money flow in the stock was negative ($1.23 million). Celanese Corporation (CE) gained $0.97 at $64.73, a change of 1.52% over the previous days close.


Shares of Celanese Corporation rose by 5.29% in the last five trading days and 0.44% for the last 4 weeks. Celanese Corporation is up 3.16% in the last 3-month period. Year-to-Date the stock performance stands at -0.29%.

Celanese Corporation (CE) : Zacks Investment Research ranks Celanese Corporation (CE) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2, which indicates as a Buy.

Celanese Corporation (NYSE:CE): The stock opened at $64.12 and touched an intraday high of $66.15 on Wednesday. During the day, the stock corrected to an intraday low of $64.12, however, the bulls stepped in and pushed the price higher to close in the green at $66.08 with a gain of 3.64% for the day. The total traded volume for the day was 1,839,331. The stock had closed at $63.76 in the previous trading session.

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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