Range Resources Corporation’s recent filing unveils that its SVP, Principal Accting Officer Ginn Dori unloaded Company’s shares for reported $0.17 million on Aug 26. In the deal valued at $34.65 per share,5,000 shares were sold. As a result of this transaction, Ginn Dori now holds 80,801 shares worth roughly $ 2.41 million.
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Then, Spiller Reginal sold 1,600 shares, generating $50,306 in total proceeds. Upon selling the shares at $31.44, the Director now owns 10,685 shares.
Before that, Ginn Dori sold 10,000 shares. Range Resources Corporation shares valued at $361,700 were divested by the SVP, Principal Accting Officer at a price of $36.17 per share. As a result of the transaction, Ginn Dori now holds 332,033 shares, worth roughly $9.9 million.
Susquehanna upgraded its Range Resources Corporation [RRC] rating to a Positive from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 21.5 to its Monday closing price. Jefferies began covering RRC with “Hold” recommendation on October 19, 2022. TD Securities revised its rating on September 29, 2022. It rated RRC as “a Buy” which previously was an “a Hold”.
Price Performance Review of RRC
On Monday, Range Resources Corporation [NYSE:RRC] saw its stock jump 6.46% to $29.83. On the same session, the stock had its day’s lowest price of $28.79, but rose to a high of $30.275. Over the last five days, the stock has gained 4.74%. Range Resources Corporation shares have risen nearly 67.30% since the year began. Nevertheless, the stocks have risen 24.19% over the past one year. While a 52-week high of $37.44 was reached on 06/08/22, a 52-week low of $16.71 was recorded on 01/24/22. SMA at 50 days reached $28.53, while 200 days put it at $28.47. A total of 3.57 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 28.99, which if violated will result in even more drops to 28.15. On the upside, there is a resistance level at 30.47. A further resistance level may holdings at 31.12. The Relative Strength Index (RSI) on the 14-day chart is 58.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.51%. Stochastics %K at 71.29% indicates the stock is a holding.
How much short interest is there in Range Resources Corporation?
A steep rise in short interest was recorded in Range Resources Corporation stocks on Jul 14, 2022, dropping by -3.41 million shares to a total of 13.8 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 17.21 million shares. There was a decline of -24.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.13.
Range Resources Corporation [RRC] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 38,370,676 shares, or roughly 14.60% of the outstanding RRC shares. In other words, the investor’s shares have risen by 7,445,921 from its previous 13-F filing of 30924755.0. Additionally, The Vanguard Group, Inc. increased 1.49% of its stake after which the total value it holdings stand at $623,565,859, while BlackRock Fund Advisors reduced -16.11% of its stake to hold $545.88 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -2,771,106 shares of Range Resources Corporation, while Dimensional Fund Advisors LP sold -237,581 shares. At present, Exor Investments is holding 6,190,163 shares valued at $156.36 million. D. E. Shaw & Co. LP owned 4,472,663 shares of the company at the time of its most recent 13F filing, worth $112.98 million.
According to FactSet, Range Resources Corporation’s share price will average $37.74 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.62 percent from its previous closing price of $28.02. Analysts expect Range Resources Corporation stock to reach the higher price of $52.00, while the lowest price estimate is $25.00. However, 26 analysts have rated RRC stock as an Overweight in their predictions for 2022.