Shares of Celanese Corporation (NYSE:CE) traded today at $141.97, eclipsing its 52-week high. This new high was reached on below average trading volume as 265,000 shares traded hands, while the average 30-day volume is approximately 888,000 shares.
Celanese Corporation (NYSE:CE) defies analysts with a current price ($141.75) 6.6% above its average consensus price target of $132.33.
Celanese Corporation share prices have moved between a 52-week high of $141.97 and a 52-week low of $52.70 and are now trading 169% above that low price at $141.75 per share.
Celanese Corp 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 also produces specialty polymers used in the automotive, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.
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