Celanese stock hits new 52-week high and outperforms competitors

8 articles · Updated · MarketWatch · May 1

Shares rose 2.18% to $69.24 on Friday, topping the previous $68.77 peak set on 16 April and extending gains for a third straight session.
Celanese beat peers including Avantor, down 1.73%, and Westlake, down 0.25%, while Huntsman also rose, gaining 1.81% in a mixed broader market.
The S&P 500 added 0.29% as the Dow fell 0.31%, while Celanese trading volume of 1.7 million stayed well below its 50-day average of 2.5 million.

Celanese stock soars despite deep financial losses. Is this a brilliant turnaround or a bubble waiting to burst?

Can Celanese's cost-cutting strategy overcome the severe downturn gripping the entire global chemical industry?