CNX Resources Corp’s recently made public 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 $427.08 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 $10.02 million.
Scotiabank upgraded its CNX Resources Corp [CNX] rating to a Sector perform from a a Sector underperform in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in mid March from “an Equal-weight” to “an Overweight”. Raymond James also remained covering CNX and has increased its forecast on February 18, 2025 with a “Mkt perform” recommendation from previously “an Underperform” rating. TD Cowen started covering the stock on January 15, 2025. It rated CNX as “a Hold”.
Price Performance Review of CNX
On Monday, CNX Resources Corp [NYSE:CNX] saw its stock jump 0.07% to $30.67. Over the last five days, the stock has gained 6.01%. CNX Resources Corp shares have fallen nearly -16.36% since the year began. Nevertheless, the stocks have risen 25.70% over the past one year. While a 52-week high of $41.93 was reached on 01/03/25, a 52-week low of $22.82 was recorded on 01/31/25. SMA at 50 days reached $30.17, while 200 days put it at $31.19.
Levels Of Support And Resistance For CNX Stock
The 24-hour chart illustrates a support level at 30.38, which if violated will result in even more drops to 30.10. On the upside, there is a resistance level at 31.05. A further resistance level may holdings at 31.44. The Relative Strength Index (RSI) on the 14-day chart is 51.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.25%. Stochastics %K at 51.46% indicates the stock is a holding.
How much short interest is there in CNX Resources Corp?
A steep rise in short interest was recorded in CNX Resources Corp stocks on 2025-03-31, growing by 2.12 million shares to a total of 26.84 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 24.72 million shares. There was a rise of 7.89%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 10, 2025 when Morgan Stanley began covering the stock and recommended ‘”an Underweight”‘ rating along with a $29 price target.
