Tuesday's ETF with Unusual Volume: SMMV
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
0mins
Source: NASDAQ.COM
ETF Performance Overview: The iShares MSCI USA Small-Cap Min Vol Factor ETF saw significant trading activity on Tuesday, with Maplebear down 0.5% and CNX Resources up 3.2%. Ani Pharmaceuticals led gains at 9.9%, while Theravance Biopharma dropped 15.3%.
Market Insights: The article highlights unusual volume in the ETF market, particularly focusing on the performance of its components, reflecting varied investor sentiment.
Analyst Views on CNX
Wall Street analysts forecast CNX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNX is 33.90 USD with a low forecast of 24.00 USD and a high forecast of 43.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
0 Buy
7 Hold
3 Sell
Moderate Sell
Current: 36.870
Low
24.00
Averages
33.90
High
43.00
Current: 36.870
Low
24.00
Averages
33.90
High
43.00
About CNX
CNX Resources Corporation is an ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, United States. The Company's operations are primarily centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, it operates and develops Coalbed Methane (CBM) properties in Virginia. It has rights to extract natural gas from Shale formations in Pennsylvania, West Virginia, and Ohio from approximately 528,000 net Marcellus Shale acres and 606,000 net Utica Shale acres. It has rights to extract CBM in Virginia from approximately 283,000 net CBM acres. It extracts CBM natural gas primarily from the Pocahontas #3 seam. It also has the right to capture Coal Mine Methane from active and abandoned mines in this region. It owns or operates around 2,700 miles of natural gas gathering pipelines as well as a number of natural gas processing facilities.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








