On Monday, Shares of Celanese Corporation (NYSE:CE), added 0.33% and closed at $63.58 in the last trading session. CE stock opened its last trade at $63.47 and after floating in a range of $63.02 to $64.26. The company’s Market capitalization is $9.16 Billion with the total Outstanding Shares of 144.74 million. During the 52-week trading session the minimum price at which share price traded, registered at $55.07 and reached to max level of $74.55. Celanese Corporation (CE), a global technology and specialty materials company, recently stated third quarter 2016 GAAP diluted earnings per share of $1.83 and adjusted earnings per share of $1.67, both third quarter records. These impressive results were driven by the strength of our operating models in both Materials Solutions and the Acetyl Chain in addition to our consistent focus on productivity. In Advanced Engineered Materials, we drove strong year over year growth by continuing the momentum of our engineered materials opportunity pipeline, where we engage closely with our customers and meet their most pressing needs by combining the broadest materials portfolio with our market knowledge and application expertise. Earlier recently, we declared a contract to acquire Italy based SO.F.TER. Group, which would broaden our portfolio capabilities even further in engineered materials and extend our industry leadership position. In the Acetyl Chain, we were able to drive a differentiated result and maintain profitability in the quarter, leaning on our global footprint and integrated network to manage an environment of low raw material pricing and tepid market demand.
Campbell Soup Company (NYSE:CPB), dropped -1.20% and closed at $53.68 in the last trading session. CPB stock opened its last trade at $54.28 and after floating in a range of $53.51 to $54.38. The company’s Market capitalization is $16.35 Billion with the total Outstanding Shares of 307.55 million. During the 52-week trading session the minimum price at which share price traded, registered at $47.77 and reached to max level of $67.89. Campbell Soup Company (CPB) recently declared the appointment of Ed Carolan as President – Campbell Fresh (C-Fresh). Carolan, 47, will lead the division that includes Bolthouse Farms beverages, salad dressings and carrots, Garden Fresh Gourmet salsa, hummus and dips, and fresh soup, which combined account for about $1 billion in net sales.
Carolan will succeed Jeff Dunn, who is leaving Campbell to become Chief Executive Officer of Juicero, Inc., the San Francisco-based startup that recently launched the first professional-quality, connected countertop cold-press juicer. Campbell has invested $13.5 million in Juicero, which is focused on inventing products, services and experiences that assist people consume more fresh fruits and vegetables.
Dunn also will remain involved in Acre Venture Partners, the independent venture capital operation to which Campbell committed $125 million in 2016, as a venture partner. In Addition To, Campbell will retain its seat on Acre’s investment committee, in addition to its board observer seat at Juicero. Both positions will be held by Adam Ciongoli, Campbell’s General Counsel.
Commenting on Dunn’s departure, Campbell’s President and Chief Executive Officer Denise Morrison said, “Jeff has made important contributions to Campbell during his time with the company. We wish him well as he embarks on a new and exciting chapter of his career, and I look forward to continuing to collaborate with him through Acre Venture Partners and in his new role at Juicero.”