Range Resources Corp’s recently made public that its Director Spiller Reginal unloaded Company’s shares for reported $56468.0 on May 21 ’24. In the deal valued at $38.68 per share,1,460 shares were sold. As a result of this transaction, Spiller Reginal now holds 15,253 shares worth roughly $0.57 million.
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Then, Degner Dennis sold 101,000 shares, generating $3,815,780 in total proceeds. Upon selling the shares at $37.78, the Chief Executive Officer & Pres now owns 198,154 shares.
Before that, Scucchi Mark sold 49,569 shares. Range Resources Corp shares valued at $1,829,592 were divested by the EVP & CFO at a price of $36.91 per share. As a result of the transaction, Scucchi Mark now holds 94,713 shares, worth roughly $3.55 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 3.17% to $37.45. Over the last five days, the stock has gained 1.71%. Range Resources Corp shares have risen nearly 23.03% since the year began. Nevertheless, the stocks have risen 30.58% over the past one year. While a 52-week high of $39.33 was reached on 05/20/24, a 52-week low of $25.89 was recorded on 02/07/24. SMA at 50 days reached $36.26, while 200 days put it at $32.97. A total of 2.44 million shares were traded, compared to the trading of 1.54 million shares in the previous session.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 36.73, which if violated will result in even more drops to 36.01. On the upside, there is a resistance level at 37.85. A further resistance level may holdings at 38.25. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.33%. Stochastics %K at 37.64% indicates the stock is a holding.
