CNX Resources Corp’s recently made public that its Director LANIGAN BERNARD JR acquired Company’s shares for reported $2.01 million on Sep 09 ’24. In the deal valued at $26.81 per share,75,000 shares were bought. As a result of this transaction, LANIGAN BERNARD JR now holds 401,820 shares worth roughly $14.24 million.
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Then, LANIGAN BERNARD JR bought 75,000 shares, generating $2,005,500 in total proceeds. Upon buying the shares at $26.74, the Director now owns 326,820 shares.
Before that, Bedard Timothy Scott bought 1,226 shares. CNX Resources Corp shares valued at $25,133 were divested by the EVP and General Counsel at a price of $20.50 per share. As a result of the transaction, Bedard Timothy Scott now holds 1,226 shares, worth roughly $43437.18.
CapitalOne downgraded its CNX Resources Corp [CNX] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Tudor Pickering Holt & Co.’s analysts, who decreased its forecast for the stock in early October from “a Hold” to “a Sell”. Piper Sandler also remained covering CNX and has decreased its forecast on August 15, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on January 05, 2024. It rated CNX as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of CNX
On Friday, CNX Resources Corp [NYSE:CNX] saw its stock jump 1.08% to $35.43. Over the last five days, the stock has lost -2.37%. CNX Resources Corp shares have risen nearly 77.15% since the year began. Nevertheless, the stocks have risen 52.32% over the past one year. While a 52-week high of $36.96 was reached on 10/11/24, a 52-week low of $19.07 was recorded on 02/14/24. SMA at 50 days reached $29.89, while 200 days put it at $24.85.
Levels Of Support And Resistance For CNX Stock
The 24-hour chart illustrates a support level at 35.05, which if violated will result in even more drops to 34.67. On the upside, there is a resistance level at 35.67. A further resistance level may holdings at 35.90. The Relative Strength Index (RSI) on the 14-day chart is 66.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.48%. Stochastics %K at 70.51% indicates the stock is a holding.
How much short interest is there in CNX Resources Corp?
A steep rise in short interest was recorded in CNX Resources Corp stocks on 2024-09-30, growing by 0.34 million shares to a total of 31.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 31.4 million shares. There was a rise of 1.06%, which implies that there is a positive sentiment for the stock.
