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

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In a filing, Range Resources Corp revealed its Director Griffie Charles G. acquired Company’s shares for reported $40112.0 on Oct 24 ’24. In the deal valued at $31.46 per share,1,275 shares were bought. As a result of this transaction, Griffie Charles G. now holds 5,921 shares worth roughly $0.18 million.

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Then, Kavanaugh Ashley sold 12,700 shares, generating $399,390 in total proceeds. Upon selling the shares at $31.45, the VP, Principal Accting Officer now owns 9,670 shares.

Before that, Ashley Kavanaugh bought 12,700 shares. Range Resources Corp shares valued at $399,391 were divested by the Officer at a price of $31.45 per share.

A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early October from “an Underweight” to “an Equal weight”. Wells Fargo also remained covering RRC and has increased its forecast on October 01, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Scotiabank revised its rating on August 20, 2024. It rated RRC as “a Sector outperform” which previously was an “a Sector perform”.

Price Performance Review of RRC

On Monday, Range Resources Corp [NYSE:RRC] saw its stock jump 2.48% to $30.56. Over the last five days, the stock has lost -1.36%. Range Resources Corp shares have risen nearly 0.39% since the year began. Nevertheless, the stocks have fallen -18.18% 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 $30.26, while 200 days put it at $32.54.

Levels Of Support And Resistance For RRC Stock

The 24-hour chart illustrates a support level at 29.95, which if violated will result in even more drops to 29.33. On the upside, there is a resistance level at 31.04. A further resistance level may holdings at 31.51. The Relative Strength Index (RSI) on the 14-day chart is 49.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.30%. Stochastics %K at 39.95% 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 2024-10-15, growing by 0.15 million shares to a total of 11.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.6 million shares. There was a rise of 1.24%, which implies that there is a positive sentiment for the stock.

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