Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CNX Resources Corp shares valued at $25,538 were sold by Bedard Timothy Scott on Feb 26 ’24. At $20.83 per share, Bedard Timothy Scott sold 1,226 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Bedard Timothy Scott sold 1,226 shares, netting a total of over 25,538 in proceeds. Following the sale of shares at $20.83 each, the insider now holds 0 shares.
Before that, Bedard Timothy Scott had added 1,226 shares to its account. In a trade valued at $25,133, the EVP and General Counsel bought CNX Resources Corp shares for $20.50 each. Upon closing the transaction, the insider’s holdings increased to 1,226 shares, worth approximately $31679.84.
As published in a research note from BofA Securities on January 05, 2024, CNX Resources Corp [CNX] has been rated up from an Underperform to a Neutral and the price target has been revised to $23. Analysts at Mizuho upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 04, 2023, Truist has increased its “Hold” rating to a “Buy” for CNX. Earlier on September 13, 2023, Scotiabank downgraded its rating. Their new recommendation was “a Sector underperform” for CNX stock which previously was a “a Sector perform”.
Analyzing CNX Stock Performance
During the last five days, there has been a surge of approximately 3.19%. Over the course of the year, CNX Resources Corp shares have jumped approximately 29.20%. Shares of the company reached a 52-week high of $26.57 on 06/03/24 and a 52-week low of $19.07 on 02/14/24. A 50-day SMA is recorded $24.22, while a 200-day SMA reached $21.96. Nevertheless, trading volume fell to 1.93 million shares from 2.25 million shares the previous day.
Support And Resistance Levels for CNX Resources Corp (CNX)
According to the 24-hour chart, there is a support level at 25.55, which, if violated, would cause prices to drop to 25.25. In the upper region, resistance lies at 26.05. The next price resistance is at 26.26. RSI (Relative Strength Index) is 64.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 30.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
