Valued at a market cap of $14.4 billion, Celanese Corporation (CE) is a chemical and specialty materials company that manufactures and sells high-performance engineered polymers. The Irving, Texas-based company also produces acetyl products for most major industries.
Shares of this chemical manufacturer have underperformed the broader market over the past 52 weeks. CE has gained 11.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.5%. In 2024, shares of CE are down 15.4%, compared to SPX’s 17.8% gain on a YTD basis.
