In a filing, CNX Resources Corp revealed its Director LANIGAN BERNARD JR acquired Company’s shares for reported $2.01 million on Aug 20 ’24. In the deal valued at $26.74 per share,75,000 shares were bought. As a result of this transaction, LANIGAN BERNARD JR now holds 326,820 shares worth roughly $9.04 million.
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Then, Bedard Timothy Scott bought 1,226 shares, generating $25,133 in total proceeds. Upon buying the shares at $20.50, the EVP and General Counsel now owns 1,226 shares.
Before that, Bedard Timothy Scott sold 1,226 shares. CNX Resources Corp shares valued at $25,538 were divested by the EVP and General Counsel at a price of $20.83 per share. As a result of the transaction, Bedard Timothy Scott now holds 0 shares, worth roughly $0.0.
Piper Sandler downgraded its CNX Resources Corp [CNX] rating to an Underweight from a a Neutral in a research note published on August 15, 2024; the price target was decreased to $20 from $22. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Neutral”. Mizuho also remained covering CNX and has increased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Truist revised its rating on December 04, 2023. It rated CNX as “a Buy” which previously was an “a Hold”.
Price Performance Review of CNX
On Friday, CNX Resources Corp [NYSE:CNX] saw its stock fall -0.97% to $27.67. Over the last five days, the stock has gained 0.73%. CNX Resources Corp shares have risen nearly 38.35% since the year began. Nevertheless, the stocks have risen 24.58% over the past one year. While a 52-week high of $28.23 was reached on 08/29/24, a 52-week low of $19.07 was recorded on 02/14/24. SMA at 50 days reached $25.80, while 200 days put it at $23.03.
Levels Of Support And Resistance For CNX Stock
The 24-hour chart illustrates a support level at 27.53, which if violated will result in even more drops to 27.38. On the upside, there is a resistance level at 27.89. A further resistance level may holdings at 28.10. The Relative Strength Index (RSI) on the 14-day chart is 62.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.83%. Stochastics %K at 82.10% indicates the stock is a selling.
How much short interest is there in CNX Resources Corp?
A steep rise in short interest was recorded in CNX Resources Corp stocks on 2024-08-15, growing by 6.06 million shares to a total of 31.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 25.61 million shares. There was a rise of 19.13%, which implies that there is a positive sentiment for the stock.
