Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CNX Resources Corp shares valued at $2,010,750 were purchased by LANIGAN BERNARD JR on Sep 09 ’24. At $26.81 per share, LANIGAN BERNARD JR acquired 75,000 shares. The insider’s holdings grew to 401,820 shares worth approximately $14.41 million following the completion of this transaction.
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Also, LANIGAN BERNARD JR purchased 75,000 shares, netting a total of over 2,005,500 in proceeds. Following the buying of shares at $26.74 each, the insider now holds 326,820 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 $43952.1.
As published in a research note from CapitalOne on October 14, 2024, CNX Resources Corp [CNX] has been rated down from an Overweight to an Equal weight and the price target has been revised to $25. Analysts at Tudor Pickering Holt & Co. downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in early October. As of August 15, 2024, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for CNX. Earlier on January 05, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for CNX stock which previously was a “an Underperform”.
Analyzing CNX Stock Performance
During the last five days, there has been a surge of approximately 1.39%. Over the course of the year, CNX Resources Corp shares have jumped approximately 79.25%. Nevertheless, trading volume fell to 2.33 million shares from 3.53 million shares the previous day.
Support And Resistance Levels for CNX Resources Corp (CNX)
RSI (Relative Strength Index) is 67.22 on the 14-day chart, showing neutral technical sentiment.
