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Celanese Corporation

Company NameCelanese Corporation
Stock SymbolCE

On November 4, 2024, after market hours, Celanese reported its third quarter 2024 earnings, missing consensus estimates due in part to “rapid and acute [demand] downturns in Western Hemisphere automotive and industrial segments.”  The Company further disclosed that it would be “temporarily idling production facilities in every region.”

On this news, Celanese’s stock price fell $32.50, or 26.3%, to close at $91.00 per share on November 5, 2024, thereby injuring investors.

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