Range Resources Corp’s filing revealed that its VP, Principal Accting Officer Kavanaugh Ashley unloaded Company’s shares for reported $0.4 million on Sep 23 ’24. In the deal valued at $31.45 per share,12,700 shares were sold. As a result of this transaction, Kavanaugh Ashley now holds 9,670 shares worth roughly $0.3 million.
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Then, Ashley Kavanaugh bought 12,700 shares, generating $399,391 in total proceeds.
Before that, Spiller Reginal sold 1,460 shares. Range Resources Corp shares valued at $56,468 were divested by the Director at a price of $38.68 per share. As a result of the transaction, Spiller Reginal now holds 15,253 shares, worth roughly $0.47 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 Monday, Range Resources Corp [NYSE:RRC] saw its stock jump 0.07% to $30.76. Over the last five days, the stock has lost -2.41%. Range Resources Corp shares have risen nearly 1.05% since the year began. Nevertheless, the stocks have fallen -6.19% over the past one year. While a 52-week high of $39.33 was reached on 05/20/24, a 52-week low of $27.29 was recorded on 08/05/24. SMA at 50 days reached $30.13, while 200 days put it at $32.48.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 30.36, which if violated will result in even more drops to 29.95. On the upside, there is a resistance level at 31.17. A further resistance level may holdings at 31.58. The Relative Strength Index (RSI) on the 14-day chart is 56.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.83%. Stochastics %K at 66.68% 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 2024-09-13, growing by 0.18 million shares to a total of 11.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.42 million shares. There was a rise of 1.56%, which implies that there is a positive sentiment for the stock.
