Range Resources Corp’s filing revealed 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 $0.48 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 $3.01 million.
A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “a Sector perform”. Scotiabank also remained covering RRC and has decreased its forecast on April 11, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. Barclays started covering the stock on April 10, 2024. It rated RRC as “an Underweight”.
Price Performance Review of RRC
On Friday, Range Resources Corp [NYSE:RRC] saw its stock jump 0.63% to $31.78. Over the last five days, the stock has lost -3.17%. Range Resources Corp shares have risen nearly 4.40% since the year began. Nevertheless, the stocks have risen 2.19% over the past one year. While a 52-week high of $39.33 was reached on 05/20/24, a 52-week low of $27.60 was recorded on 02/07/24. SMA at 50 days reached $35.01, while 200 days put it at $33.32. A total of 2.29 million shares were traded, compared to the trading of 2.74 million shares in the previous session.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 31.39, which if violated will result in even more drops to 31.00. On the upside, there is a resistance level at 32.04. A further resistance level may holdings at 32.29. The Relative Strength Index (RSI) on the 14-day chart is 35.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.09%. Stochastics%K at 8.67% indicates the stock is a buying.
