Range Resources Corp’s recently made public that its SVP, Principal Accting Officer Ginn Dori unloaded Company’s shares for reported $0.93 million on Nov 03 ’23. In the deal valued at $37.23 per share,25,000 shares were sold. As a result of this transaction, Ginn Dori now holds 60,804 shares worth roughly $2.2 million.
Then, Ginn Dori sold 25,000 shares, generating $933,750 in total proceeds. Upon selling the shares at $37.35, the SVP, Principal Accting Officer now owns 85,804 shares.
Before that, Spiller Reginal sold 1,950 shares. Range Resources Corp shares valued at $52,260 were divested by the Director at a price of $26.80 per share. As a result of the transaction, Spiller Reginal now holds 16,713 shares, worth roughly $0.6 million.
Scotiabank downgraded its Range Resources Corp [RRC] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Underweight”‘ rating. The Benchmark Company also remained covering RRC and has decreased its forecast on January 11, 2024 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo revised its rating on December 14, 2023. It rated RRC as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of RRC
On Monday, Range Resources Corp [NYSE:RRC] saw its stock jump 2.38% to $36.11. Over the last five days, the stock has gained 3.02%. Range Resources Corp shares have risen nearly 18.63% since the year began. Nevertheless, the stocks have risen 40.78% over the past one year. While a 52-week high of $37.88 was reached on 04/12/24, a 52-week low of $23.92 was recorded on 02/07/24. SMA at 50 days reached $33.01, while 200 days put it at $32.02. A total of 2.97 million shares were traded, compared to the trading of 2.05 million shares in the previous session.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 35.26, which if violated will result in even more drops to 34.41. On the upside, there is a resistance level at 36.68. A further resistance level may holdings at 37.25. The Relative Strength Index (RSI) on the 14-day chart is 67.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.25%. Stochastics %K at 41.07% indicates the stock is a holding.
