In a filing, Range Resources Corp revealed its Director Griffie Charles G. acquired Company’s shares for reported $51975.0 on May 02 ’24. In the deal valued at $34.65 per share,1,500 shares were bought. As a result of this transaction, Griffie Charles G. now holds 4,646 shares worth roughly $0.17 million.
Then, Kavanaugh Ashley sold 15,978 shares, generating $603,131 in total proceeds. Upon selling the shares at $37.75, the VP, Principal Accting Officer now owns 22,370 shares.
Before that, Ginn Dori sold 25,000 shares. Range Resources Corp shares valued at $930,750 were divested by the SVP, Principal Accting Officer at a price of $37.23 per share. As a result of the transaction, Ginn Dori now holds 60,804 shares, worth roughly $2.26 million.
RBC Capital Mkts downgraded its Range Resources Corp [RRC] rating to a Sector perform from a an Outperform in a research note published on April 26, 2024; the price target was increased to $39 from $36. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in mid April from “a Sector outperform” to “a Sector perform”. Barclays began covering RRC with “an Underweight” recommendation on April 10, 2024. The Benchmark Company revised its rating on January 11, 2024. It rated RRC as “a Hold” which previously was an “a Buy”.
Price Performance Review of RRC
On Monday, Range Resources Corp [NYSE:RRC] saw its stock jump 4.03% to $37.15. Over the last five days, the stock has lost -0.59%. Range Resources Corp shares have risen nearly 22.04% since the year began. Nevertheless, the stocks have risen 53.07% over the past one year. While a 52-week high of $38.25 was reached on 04/25/24, a 52-week low of $23.92 was recorded on 02/07/24. SMA at 50 days reached $34.29, while 200 days put it at $32.38. A total of 2.63 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 36.34, which if violated will result in even more drops to 35.52. On the upside, there is a resistance level at 37.68. A further resistance level may holdings at 38.20. The Relative Strength Index (RSI) on the 14-day chart is 60.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.09%. Stochastics %K at 43.35% indicates the stock is a holding.
