CNX Resources Corp’s filing revealed that its 10% Owner MFN Partners, LP unloaded Company’s shares for reported $33.42 million on Jan 06 ’25. In the deal valued at $31.09 per share,1,075,000 shares were sold. As a result of this transaction, MFN Partners, LP now holds 13,925,000 shares worth roughly $419.28 million.
Then, LANIGAN BERNARD JR bought 75,000 shares, generating $2,010,750 in total proceeds. Upon buying the shares at $26.81, the Director now owns 401,820 shares.
Before that, LANIGAN BERNARD JR bought 75,000 shares. CNX Resources Corp shares valued at $2,005,500 were divested by the Director at a price of $26.74 per share. As a result of the transaction, LANIGAN BERNARD JR now holds 326,820 shares, worth roughly $9.84 million.
Morgan Stanley initiated its CNX Resources Corp [CNX] rating to an Underweight in a research note published on January 10, 2025; the price target was $29. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “an Underperform”. JP Morgan also remained covering CNX and has decreased its forecast on December 05, 2024 with a “an Underweight” recommendation from previously “Neutral” rating.
Price Performance Review of CNX
On Monday, CNX Resources Corp [NYSE:CNX] saw its stock jump 0.37% to $30.11. Over the last five days, the stock has lost -9.09%. CNX Resources Corp shares have fallen nearly -17.89% since the year began. Nevertheless, the stocks have risen 51.00% over the past one year. While a 52-week high of $41.93 was reached on 01/03/25, a 52-week low of $19.07 was recorded on 01/10/25. SMA at 50 days reached $36.92, while 200 days put it at $29.44.
Levels Of Support And Resistance For CNX Stock
The 24-hour chart illustrates a support level at 29.80, which if violated will result in even more drops to 29.50. On the upside, there is a resistance level at 30.45. A further resistance level may holdings at 30.80. The Relative Strength Index (RSI) on the 14-day chart is 27.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.48%. Stochastics %K at 9.02% indicates the stock is a buying.
How much short interest is there in CNX Resources Corp?
A steep rise in short interest was recorded in CNX Resources Corp stocks on 2024-12-31, dropping by -1.57 million shares to a total of 27.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 28.72 million shares. There was a decline of -5.78%, which implies that there is a negative sentiment for the stock.
