Corning Natural Gas (OTCMKTS:CNIG) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Corning Natural Gas Holding Corp. (OTCMKTS:CNIG) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.70 and traded as low as $24.66. Corning Natural Gas shares last traded at $24.70, with a volume of 4,000 shares changing hands.

Corning Natural Gas Stock Up 0.3%

The company has a 50 day moving average price of $24.70 and a 200-day moving average price of $24.70.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LM Advisors LLC acquired a new stake in Corning Natural Gas in the second quarter valued at approximately $300,000. S&CO Inc. acquired a new position in shares of Corning Natural Gas during the second quarter worth $651,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Corning Natural Gas during the 2nd quarter valued at $1,608,000.

About Corning Natural Gas

Corning Natural Gas Corporation is a publicly traded utility company that engages in the purchase, transport and distribution of natural gas to residential, commercial and industrial customers. As a regulated local gas distribution company, it acquires natural gas supplies from interstate pipelines and field producers, then delivers and meters the fuel through its network of transmission mains, distribution lines and service connections. The company’s operations encompass routine system maintenance, pipeline integrity inspections and emergency response services, ensuring safe and reliable gas delivery throughout its service area.

Founded in the mid-19th century and headquartered in Corning, New York, Corning Natural Gas has developed a network serving communities in New York’s Southern Tier and Finger Lakes regions.