Celanese Corporation (CE) has seen a varied performance in the stock market. The company declared a quarterly dividend of $0.70 per share multiple times while their shareholders have experienced a 13% loss over the last three years. The company stock has outperformed competitors on a strong trading day on several occasions, but also experienced times when it underperformed the market. Despite a reduction in stock position by SG America Securities LLC, significant investments came from Axa S.A., Sanctuary Advisors LLC, and Marshall Wace LLP. The corporation faced challenges with force majeure due to supply disruptions and cut its 2024 earnings forecast due to sluggish demand and production snags. The appointment of Bruce Chinn to the board and the achievement of milestones in acetyl chain business were important strides for the corporation. However, the corporation was downgraded due to challenges in China and EU markets and came under scrutiny for its significant debt burden and challenging near-term demand.
Celanese Corporation CE News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Sat, 19 Oct 2024 01:45:02 GMT -
Rating -2
- Innovation 1
- Information 3
- Rumor -1
