Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Range Resources Corp shares valued at $399,390 were sold by Kavanaugh Ashley on Sep 23 ’24. At $31.45 per share, Kavanaugh Ashley sold 12,700 shares. The insider’s holdings dropped to 9,670 shares worth approximately $0.29 million following the completion of this transaction.
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Also, Ashley Kavanaugh purchased 12,700 shares, netting a total of over 399,391 in proceeds.
Before that, Spiller Reginal had sold 1,460 shares from its account. In a trade valued at $56,468, the Director traded Range Resources Corp shares for $38.68 each. Upon closing the transaction, the insider’s holdings decreased to 1,460 shares, worth approximately $0.46 million.
As published in a research note from Barclays on October 02, 2024, Range Resources Corp [RRC] has been rated up from an Underweight to an Equal weight and the price target has been revised to $34 from $35. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of August 20, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for RRC. Earlier on August 15, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for RRC stock which previously was a “an Overweight”.
Analyzing RRC Stock Performance
During the last five days, there has been a drop of approximately -4.20%. Over the course of the year, Range Resources Corp shares have dropped approximately -1.87%. Shares of the company reached a 52-week high of $39.33 on 05/20/24 and a 52-week low of $27.29 on 08/05/24. A 50-day SMA is recorded $30.19, while a 200-day SMA reached $32.53. Nevertheless, trading volume fell to 2.9 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Range Resources Corp (RRC)
According to the 24-hour chart, there is a support level at 29.63, which, if violated, would cause prices to drop to 29.38. In the upper region, resistance lies at 30.21. The next price resistance is at 30.54. RSI (Relative Strength Index) is 43.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.24, which suggests the price will decrease in the coming days. Percent R is at 92.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
