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 $0.49 million.
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 $0.38 million.
BofA Securities upgraded its Range Resources Corp [RRC] rating to a Buy from a a Neutral in a research note published on January 13, 2025; the price target was increased to $45 from $34. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. UBS also remained covering RRC and has increased its forecast on December 09, 2024 with a “Neutral” recommendation from previously “Sell” rating.
Price Performance Review of RRC
On Tuesday, Range Resources Corp [NYSE:RRC] saw its stock jump 2.94% to $39.62. Over the last five days, the stock has gained 7.63%. Range Resources Corp shares have risen nearly 10.12% since the year began. Nevertheless, the stocks have risen 31.89% over the past one year. While a 52-week high of $39.33 was reached on 01/14/25, a 52-week low of $27.29 was recorded on 01/03/25. SMA at 50 days reached $34.69, while 200 days put it at $33.48.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 38.75, which if violated will result in even more drops to 37.87. On the upside, there is a resistance level at 40.13. A further resistance level may holdings at 40.63. The Relative Strength Index (RSI) on the 14-day chart is 75.90, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.07%. Stochastics %K at 93.58% 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 2024-12-31, growing by 0.2 million shares to a total of 16.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 15.87 million shares. There was a rise of 1.23%, which implies that there is a positive sentiment for the stock.
