28-Mar-2024
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Celanese Achieves ISCC CFC Certification for Low Carbon CCU Methanol
Business Wire (Thu, 21-Mar 9:00 AM ET)
Business Wire (Wed, 20-Mar 9:00 AM ET)
Business Wire (Thu, 29-Feb 9:00 AM ET)
Timothy Go Elected to Celanese Board of Directors
Business Wire (Wed, 28-Feb 4:33 PM ET)
Celanese Corporation Reports Full Year 2023 and Fourth Quarter Earnings
Business Wire (Tue, 20-Feb 4:15 PM ET)
Business Wire (Mon, 12-Feb 9:00 AM ET)
Celanese Corporation Declares Quarterly Dividend of $0.70 Per Share
Business Wire (Wed, 7-Feb 4:16 PM ET)
Business Wire (Mon, 22-Jan 9:00 AM ET)
Celanese to Hold Fourth Quarter Earnings Conference Call on February 21, 2024
Business Wire (Thu, 11-Jan 4:15 PM ET)
Celanese Begins Carbon Capture and Utilization Operations at Clear Lake, Texas, Facility
Business Wire (Tue, 9-Jan 9:00 AM ET)
Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.
Celanese trades on the NYSE stock market under the symbol CE.
As of March 28, 2024, CE stock price climbed to $171.86 with 632,926 million shares trading.
CE has a beta of 1.51, meaning it tends to be more sensitive to market movements. CE has a correlation of 0.43 to the broad based SPY ETF.
CE has a market cap of $19.17 billion. This is considered a Large Cap stock.
Last quarter Celanese reported $3 billion in Revenue and $2.24 earnings per share. This fell short of revenue expectation by $-21 million and missed earnings estimates by -$.07.
In the last 3 years, CE stock traded as high as $176.50 and as low as $86.71.
The top ETF exchange traded funds that CE belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
CE has outperformed the market in the last year with a price return of +69.1% while the SPY ETF gained +33.6%. However, in the short term, CE had mixed performance relative to the market. It has underperformed in the last 3 months, returning +8.9% vs +10.1% return in SPY. But in the last 2 weeks, CE shares have fared better than the market returning +8.9% compared to SPY +1.7%.
CE support price is $167.16 and resistance is $172.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CE stock will trade within this expected range on the day.