Should You Buy the Dip and Follow Insiders into These 10 Stocks?

2. Celanese Corporation (NYSE:CE)

Number of Insiders Buying: 4

Market Capitalization: $6.26 billion

Celanese Corporation is a chemicals company serving industrial customers. Formerly known as Hoechst Celanese, it is a leading global producer of acetic acid and vinyl acetate monomer. The Irving, Texas-based company operates 25 production plants and six research centers across 11 countries, mainly in North America, Europe, and Asia.

For the full-year 2024, Celanese reported a U.S. GAAP diluted loss per share of $13.86 and an adjusted earnings per share of $8.37. The company generated $10.3 billion in net sales, a 6% decline from the previous year.

In March, four insiders purchased a total of around $907,468 worth of Celanese shares at an average price of $54.27. At the moment, the stock trades at $57.37 per share, having dropped 17.11% year-to-date, and 64.45% over the past 12 months.

According to MarketBeat, 16 analysts have given Celanese a “Hold” rating, with a price target of $72.18. The average price target suggests an upside of 25.88% from the latest price.