In a filing, Range Resources Corp revealed its Director Spiller Reginal unloaded Company’s shares for reported $95872.0 on Nov 11 ’24. In the deal valued at $34.24 per share,2,800 shares were sold. As a result of this transaction, Spiller Reginal now holds 12,453 shares worth roughly $0.45 million.
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Then, Griffie Charles G. bought 1,275 shares, generating $40,112 in total proceeds. Upon buying the shares at $31.46, the Director now owns 5,921 shares.
Before that, Kavanaugh Ashley sold 12,700 shares. Range Resources Corp shares valued at $399,390 were divested by the VP, Principal Accting Officer at a price of $31.45 per share. As a result of the transaction, Kavanaugh Ashley now holds 9,670 shares, worth roughly $0.35 million.
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 Tuesday, Range Resources Corp [NYSE:RRC] saw its stock jump 1.26% to $36.28. Over the last five days, the stock has gained 5.65%. Range Resources Corp shares have risen nearly 19.19% since the year began. Nevertheless, the stocks have risen 9.41% 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 $31.87, while 200 days put it at $32.95.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 35.77, which if violated will result in even more drops to 35.26. On the upside, there is a resistance level at 36.62. A further resistance level may holdings at 36.96. The Relative Strength Index (RSI) on the 14-day chart is 75.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.95%. Stochastics %K at 86.32% indicates the stock is a selling.
How much short interest is there in Range Resources Corp?
A steep rise in short interest was recorded in Range Resources Corp stocks on 2024-11-15, growing by 3.75 million shares to a total of 15.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.75 million shares. There was a rise of 24.18%, which implies that there is a positive sentiment for the stock.
