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 $0.29 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 $0.46 million.
Barclays upgraded its Range Resources Corp [RRC] rating to an Equal weight from a an Underweight in a research note published on October 02, 2024; the price target was decreased to $34 from $35. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early October from “an Equal weight” to “an Overweight”. Scotiabank also remained covering RRC and has increased its forecast on August 20, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Piper Sandler revised its rating on August 15, 2024. It rated RRC as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of RRC
On Monday, Range Resources Corp [NYSE:RRC] saw its stock jump 0.54% to $29.95. Over the last five days, the stock has lost -2.06%. Range Resources Corp shares have fallen nearly -1.61% since the year began. Nevertheless, the stocks have fallen -13.79% 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 $30.20, while 200 days put it at $32.52.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 29.72, which if violated will result in even more drops to 29.48. On the upside, there is a resistance level at 30.27. A further resistance level may holdings at 30.58. The Relative Strength Index (RSI) on the 14-day chart is 44.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.25%. Stochastics %K at 16.40% indicates the stock is a buying.
How much short interest is there in Range Resources Corp?
A steep rise in short interest was recorded in Range Resources Corp stocks on 2024-09-30, growing by 0.92 million shares to a total of 12.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.3 million shares. There was a rise of 7.5%, which implies that there is a positive sentiment for the stock.
