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Keeping an Eye on Range Resources Corp (RRC) After Insider Trading Activity

In a filing, Range Resources Corp revealed 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 $0.47 million.

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Then, Scucchi Mark sold 49,569 shares, generating $1,829,592 in total proceeds. Upon selling the shares at $36.91, the EVP & CFO now owns 94,713 shares.

Before that, Degner Dennis sold 101,000 shares. Range Resources Corp shares valued at $3,815,780 were divested by the Chief Executive Officer & Pres at a price of $37.78 per share. As a result of the transaction, Degner Dennis now holds 198,154 shares, worth roughly $6.06 million.

Scotiabank upgraded its Range Resources Corp [RRC] rating to a Sector outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. RBC Capital Mkts revised its rating on April 26, 2024. It rated RRC as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of RRC

On Friday, Range Resources Corp [NYSE:RRC] saw its stock jump 1.33% to $30.56. Over the last five days, the stock has gained 0.16%. Range Resources Corp shares have risen nearly 0.39% since the year began. Nevertheless, the stocks have fallen -1.07% over the past one year. While a 52-week high of $39.33 was reached on 05/20/24, a 52-week low of $27.29 was recorded on 08/05/24. SMA at 50 days reached $32.33, while 200 days put it at $32.82.

Levels Of Support And Resistance For RRC Stock

The 24-hour chart illustrates a support level at 30.29, which if violated will result in even more drops to 30.01. On the upside, there is a resistance level at 30.86. A further resistance level may holdings at 31.15. The Relative Strength Index (RSI) on the 14-day chart is 45.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.60%. Stochastics%K at 75.16% indicates the stock is a holding.

How much short interest is there in Range Resources Corp?

A steep rise in short interest was recorded in Range Resources Corp stocks on 2024-07-31, dropping by -0.56 million shares to a total of 12.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 12.69 million shares. There was a decline of -4.64%, which implies that there is a negative sentiment for the stock.

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