Control Empresarial Continues To Build Its PBF Position

September 12, 2024

The most significant insider activity on today's list comes via a Form 4 filing by Control Empresarial de Capitales SA.

The Mexico-based investment firm continues to build a position in PBF Energy Inc $PBF. This time, it made a purchase for $24 million.

AllianceBernstein LP filed an initial 13G for NCR Atleos Corp $NATL disclosing a stake of 10.2%.

Here’s The Hot Corner, with data from September 11, 2024:

CNX Resources Corp $CNX director Bernard Lanigan Jr. made a big investment in the company's stock, purchasing 75,000 shares.

In another Form 4, Judith Mchale, a director at Hilton Worldwide Holdings Inc $HLT reported a purchase of $1,001,359.

CNX has been stair-stepping higher and consolidating constructively since it broke out of a massive base last year.

Price is reaching the 161.8% Fibonacci extension, making it a logical place for bulls to take a breath.

However, we continue to err in the direction of the underlying trend, which is up.

Stay tuned. We'll be back on Friday with more insider activity.

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