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 $40,112 were purchased by Griffie Charles G. on Oct 24 ’24. At $31.46 per share, Griffie Charles G. acquired 1,275 shares. The insider’s holdings grew to 5,921 shares worth approximately $0.19 million following the completion of this transaction.
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Also, Kavanaugh Ashley sold 12,700 shares, netting a total of over 399,390 in proceeds. Following the sale of shares at $31.45 each, the insider now holds 9,670 shares.
Before that, Ashley Kavanaugh had added 12,700 shares to its account. In a trade valued at $399,391, the Officer bought Range Resources Corp shares for $31.45 each.
Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of October 01, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for RRC. Earlier on August 20, 2024, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for RRC stock which previously was a “a Sector perform”.
Analyzing RRC Stock Performance
During the last five days, there has been a surge of approximately 9.06%. Over the course of the year, Range Resources Corp shares have jumped approximately 7.59%. 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 $30.39, while a 200-day SMA reached $32.58. Nevertheless, trading volume fell to 1.16 million shares from 2.52 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 32.47, which, if violated, would cause prices to drop to 32.19. In the upper region, resistance lies at 33.06. The next price resistance is at 33.37. RSI (Relative Strength Index) is 63.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 9.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
