CNX Resources Corp’s recent filing unveils that its Director Clarkson J. Palmer acquired Company’s shares for reported $0.31 million on May 12 ’25. In the deal valued at $31.20 per share,10,000 shares were bought. As a result of this transaction, Clarkson J. Palmer now holds 245,433 shares worth roughly $8.02 million.
Then, MFN Partners, LP sold 1,075,000 shares, generating $33,421,750 in total proceeds. Upon selling the shares at $31.09, the 10% Owner now owns 13,925,000 shares.
Before that, LANIGAN BERNARD JR bought 75,000 shares. CNX Resources Corp shares valued at $2,010,750 were divested by the Director at a price of $26.81 per share. As a result of the transaction, LANIGAN BERNARD JR now holds 401,820 shares, worth roughly $13.12 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 Friday, CNX Resources Corp [NYSE:CNX] saw its stock jump 1.81% to $32.66. Over the last five days, the stock has gained 3.75%. CNX Resources Corp shares have fallen nearly -10.94% since the year began. Nevertheless, the stocks have risen 25.33% over the past one year. While a 52-week high of $41.93 was reached on 01/03/25, a 52-week low of $23.63 was recorded on 01/31/25.
Levels Of Support And Resistance For CNX Stock
The 24-hour chart illustrates a support level at 31.72, which if violated will result in even more drops to 30.78. On the upside, there is a resistance level at 33.13. A further resistance level may holdings at 33.61.
How much short interest is there in CNX Resources Corp?
A steep rise in short interest was recorded in CNX Resources Corp stocks on 2025-05-30, growing by 1.17 million shares to a total of 27.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 26.32 million shares. There was a rise of 4.26%, 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.
