After a tumultuous journey, shareholders of Celanese Corp (CE) finally have reason to cheer as the stock broke through to a new 52-week high of $163.82 per share during Monday’s trading session. This achievement marks an impressive 68.68% increase from the 52-week low of $97.12 reached on 03/24/2023. For any faithful investor who secured a position in CE within the past year, today’s soaring share price translates into a gleaming unrealized gain. But it’s not just outside investors who are reaping the rewards – insiders are witnessing their bets unfolding into profitable outcomes.
Over the recent half-year stretch, insiders at CE have been diligently acquiring shares, a strategic move that is now yielding fruitful results. Highlights of insider transactions over the past six months are summarized in the table below.
| Date | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 03/08/2024 | Mark Christopher Murray | SVP – Acetyls | 597 | $156.43 | $93,388.71 |
| 03/14/2024 | Thomas Francis Kelly | SVP, EM | 1,400 | $156.69 | $219,373.00 |
The chart below provides a visual representation of CE’s trading activity over the past year, complete with the inclusion of the 50-day and 200-day moving averages.
During Monday’s afternoon trading session, CE is currently priced at $163.44 per share, just a hair’s breadth beneath the freshly minted 52-week high.
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Further Reading:
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The insights and sentiments shared in this article are the author’s own and may not necessarily align with those of Nasdaq, Inc.
