Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Range Resources Corp shares valued at $95,872 were sold by Spiller Reginal on Nov 11 ’24. At $34.24 per share, Spiller Reginal sold 2,800 shares. The insider’s holdings dropped to 12,453 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Griffie Charles G. purchased 1,275 shares, netting a total of over 40,112 in proceeds. Following the buying of shares at $31.46 each, the insider now holds 5,921 shares.
Before that, Kavanaugh Ashley had sold 12,700 shares from its account. In a trade valued at $399,390, the VP, Principal Accting Officer traded Range Resources Corp shares for $31.45 each. Upon closing the transaction, the insider’s holdings decreased to 12,700 shares, worth approximately $0.34 million.
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 drop of approximately -4.11%. Over the course of the year, Range Resources Corp shares have jumped approximately 14.29%. 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 $32.32, while a 200-day SMA reached $33.09. Nevertheless, trading volume fell to 1.31 million shares from 18720.0 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 34.39, which, if violated, would cause prices to drop to 34.00. In the upper region, resistance lies at 35.15. The next price resistance is at 35.52. RSI (Relative Strength Index) is 57.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 55.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
