Shares of Celanese Corporation (NYSE:CE) traded today at $172.51, eclipsing its 52-week high. So far today approximately 447,000 shares have been exchanged, as compared to an average 30-day volume of 711,000 shares.
In the past 52 weeks, shares of Celanese Corporation have traded between a low of $109.14 and a high of $172.51 and is now at $169.07, which is 55% above that low price.
Celanese Corporation (NYSE:CE) defies analysts with a current price ($169.07) 23.7% above its average consensus price target of $128.97.
Celanese 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, electronics, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.
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