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The Bull’s Victory: Celanese Corp Soars to New Heights as Insiders’ Confidence Pays Off

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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.

Celanese Corp Moving Averages Chart

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.

nslideshowTen Bargains You Can Buy Cheaper Than The Insiders Did Β»

Further Reading:

Β• Explore Stocks with Recent Secondaries That Hedge Funds Are Selling
Β• Delve into Funds Holding TNTR
Β• Scrutinize DHDG market cap history

The insights and sentiments shared in this article are the author’s own and may not necessarily align with those of Nasdaq, Inc.

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