Celanese Corporation (CE), a global chemical and specialty materials company is among the top stocks in Basic Materials sector.
Analysts have diverse opinions about the stock following a mixed bag of events. CE has initiated a
strategic transformation plan bringing its former
COO back as
director and appointing
Scott Sutton to the
board. Investments in Celanese are increasing; Empowered Funds LLC, Mirae Asset Global Investments Co. Ltd., Twelve Points Wealth Management LLC, Forsta AP Fonden and New England Research & Management Inc. have all
increased their holdings. However, Nisa Investment Advisors LLC has
sold some shares and there are ongoing
securities fraud investigations into Celanese urging investors who lost money to make contact with law firms. Despite a 4.0% fall in stock past week, dividend of $0.03 per share has been declared although there is an estimated decline in earnings. Amidst market challenges, several strategic adjustments have been made while CE continues to strengthen their board. A
leadership transition has also been announced with
Scott Richardson as the next CEO.
Celanese Corporation CE News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 15 Feb 2025 08:55:02 GMT -
Rating -1
- Innovation -7
- Information 0
- Rumor -2
