On 11/5/24, Celanese Corp (NYSE: CE) stock suffered a major decline of -26.3%, closing at $91.00. Moreover, exceptionally high trading volume at 985% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -30.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CE is expected to continue to be an important Value Builder.
Celanese has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Celanese has a very high Appreciation Score of 87 but a poor Power Rating of 18, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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