Celanese Corporation ($CE) Stock Forecast: Down 5.1% Today

What is Celanese Corporation?

CE (Celanese Corp.) is a global chemical and specialty materials company, known for its diverse product portfolio serving various industries. The stock is typically influenced by factors affecting the chemical sector and overall market conditions.

Why is Celanese Corporation going down?

CE stock is down 5.1% on Aug 2, 2024 17:54

• The bearish movement in CE today can be attributed to the company's Q2 profit decrease, which fell short of expectations, indicating potential challenges in financial performance.
• The upcoming presentation of Q2 2024 financial results by the CEO might have raised concerns among investors, contributing to the negative sentiment surrounding the stock.
• Speculation about CE being a potential acquisition target could have led to market uncertainty, impacting the stock price negatively as investors may be unsure about the company's future direction.
• Investors might be cautious ahead of the Q2 2024 earnings release, awaiting further details on the company's financial health and performance, potentially causing a bearish sentiment around the stock.

CE Price Chart

CE Technical Analysis

CE News

Celanese Corp. Q2 Profit Decreases, Misses Estimates

WASHINGTON (dpa-AFX) - Celanese Corp. (CE) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.The company''s earnings totaled $155 mi…

https://www.finanznachrichten.de/nachrichten-2024-08/62890303-celanese-corp-q2-profit-decreases-misses-estimates-020.htm

Celanese CEO to Present Q2 2024 Financial Results

The latest announcement is out from Celanese (CE). Celanese Corporation’s CEO, Lori J. Ryerkerk, will present the company’s second quarter financia…

https://www.tipranks.com/news/company-announcements/celanese-ceo-to-present-q2-2024-financial-results

M&A Stock Picks: 3 Acquisition Targets to Buy Now 

Fortune recently reported that mergers and acquisitions (M&A) activity is up 17% worldwide through the first half of 2024. Of this activity, 90% of the largest deals so far year-to-date were U.S. targets. Almost half of the top 10 deals in 2024 were stock rather than cash payments. That makes sense given interest rates are higher and stock prices are relatively healthy. So, who are the acquisition targets to buy now? I’ve recommended three stocks that could be acquisition targets. For my criteria, at least one of the companies, acquirer or acquired, must be in the S&P 500. In addition, the targets must have market capitalizations that are significantly lower than the acquirers. Furthermore, these are speculative acquisitions and are not guaranteed to happen. Rather, this serves as a thought experiment of potential moves that could happen in the market.

https://investorplace.com/2024/08/ma-stock-picks-3-acquisition-targets-to-buy-now/

Celanese Corp (CE) Q2 2024: Everything You Need to Know Ahead of Earnings

Celanese Corp (CE) Q2 2024: Everything You Need to Know Ahead of Earnings

https://www.gurufocus.com/news/2487275/celanese-corp-ce-q2-2024-everything-you-need-to-know-ahead-of-earnings

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Celanese Corporation Price History

07.10.2023 - CE Stock was down 5.7%

• Celanese Corp. reported a profit for its third quarter that beat Street estimates, indicating positive financial performance.
• However, the company's revenue for the quarter missed expectations, which could have contributed to the bearish movement in the stock.
• The announcement of new leadership appointments within the company may have also influenced market sentiment, potentially causing some uncertainty among investors.
• The upcoming Q3 earnings announcement could be a factor in the bearish movement, as investors may be cautious or uncertain about the company's performance.

28.07.2023 - CE Stock was up 1.9%

• The bullish movement in the stock of Celanese Co. (CE) could be attributed to the positive news of the company announcing the pricing terms for a cash tender offer to purchase outstanding notes. This indicates a strong financial position and potential for growth.
• The Zacks Research analysts lowering their earnings estimates for Q3 2023 may have initially caused some concern, but the market seems to have shrugged it off and focused on the positive news.
• Overall, the bullish movement in CE's stock could be a result of investors' optimism about the company's future prospects and its ability to navigate the challenges in the basic materials industry.

14.10.2023 - CE Stock was up 5.0%

• The positive earnings call transcript indicates that Celanese Corporation had strong financial performance in the third quarter of 2023.
• The market may have reacted positively to the company's Vice President, Brandon Ayache, providing optimistic insights during the conference call.
• Investors likely responded favorably to the company's positive outlook, leading to a bullish movement in the stock price.

13.01.2024 - CE Stock was down 5.0%

• Celanese's recent approval as a Utilization Procurement Grants vendor by the U.S. Department of Energy showcases their dedication to providing low-carbon solutions. However, this development did not lead to a positive impact on the stock price, suggesting the influence of other factors on the market movement.
• The acquisition of a small number of shares by New York Life Investment Management LLC appears to have had minimal effect on the stock price.
• It is plausible that the current bearish movement of CE stock is influenced by other factors, including broader market trends or specific industry dynamics.

09.04.2024 - CE Stock was up 0.2%

• The bullish movement in CE's stock can be attributed to the company's recent achievements in sustainability, as evidenced by receiving the American Chemistry Council's 2024 Sustainability Leadership Award in the Circularity category.
• Additionally, Celanese beating quarterly profit estimates and revealing an increase in profit for the first quarter further boosted investor confidence and contributed to the positive market movement.
• The combination of recognition for sustainability efforts and strong financial performance likely attracted investors, leading to a surge in CE's stock price.
• Overall, Celanese's focus on sustainability and its ability to deliver solid financial results have positioned the company favorably in the market, driving the bullish movement in its stock.

18.11.2023 - CE Stock was down 3.7%

• The bearish movement in CE's stock could be attributed to the completion of MolecuLight's SOC 2 Type II audit. This news might have raised concerns among investors about potential security vulnerabilities or data breaches within the company's systems. As a result, investors may have become more cautious and decided to sell off their holdings in CE, leading to the bearish market movement.

03.10.2023 - CE Stock was up 5.6%

• Celanese announced its plans to shut down its Nylon 66 and high-performance nylon units in Germany, which is seen as a cost-cutting move.
• This decision might have been well-received by investors, as it could lead to improved profitability and efficiency for the company.
• The market movement suggests that investors are optimistic about Celanese's ability to streamline its operations and enhance its financial performance in the future.

11.06.2024 - CE Stock was up 5.2%

• Despite the overall bearish sentiment towards materials stocks due to global economic headwinds, CE defied the odds and surged upwards.
• The bullish movement could be attributed to positive company-specific news or developments that overshadowed the sector-wide concerns.
• Investors might be optimistic about CE's resilience and potential for growth, leading to increased buying activity and driving the stock price higher.
• It's essential for investors to closely monitor both company-specific factors and broader market trends to make informed decisions in such a volatile sector.

19.06.2024 - CE Stock was down 5.0%

• The disclosure of Celanese establishing its quarterly dividend at $0.70 per share might have let down investors, possibly contributing to a bearish movement in the stock.
• Some investors might have anticipated a higher dividend payout, resulting in a few selling their positions following the announcement.
• The dividend sum could have been interpreted as an indication of the company's present financial well-being, potentially sparking concerns among shareholders and fueling the downward trend in the stock price.

02.07.2024 - CE Stock was down 5.1%

• The bearish movement in CE today can be attributed to the company's Q2 profit decrease, which fell short of expectations, indicating potential challenges in financial performance.
• The upcoming presentation of Q2 2024 financial results by the CEO might have raised concerns among investors, contributing to the negative sentiment surrounding the stock.
• Speculation about CE being a potential acquisition target could have led to market uncertainty, impacting the stock price negatively as investors may be unsure about the company's future direction.
• Investors might be cautious ahead of the Q2 2024 earnings release, awaiting further details on the company's financial health and performance, potentially causing a bearish sentiment around the stock.