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.
Scotiabank downgraded its Range Resources Corp [RRC] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Wolfe Research also remained covering RRC and has increased its forecast on January 03, 2025 with a “an Outperform” recommendation from previously “Peer perform” rating. UBS revised its rating on December 09, 2024. It rated RRC as “a Neutral” which previously was an “a Sell”.
Price Performance Review of RRC
On Tuesday, Range Resources Corp [NYSE:RRC] saw its stock fall -0.35% to $39.57. Over the last five days, the stock has gained 4.85%. Range Resources Corp shares have risen nearly 9.98% since the year began. Nevertheless, the stocks have risen 39.04% over the past one year. While a 52-week high of $41.95 was reached on 01/22/25, a 52-week low of $27.29 was recorded on 01/03/25. SMA at 50 days reached $36.77, while 200 days put it at $33.81.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 39.28, which if violated will result in even more drops to 38.99. On the upside, there is a resistance level at 39.98. A further resistance level may holdings at 40.39. The Relative Strength Index (RSI) on the 14-day chart is 58.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.75%. Stochastics %K at 41.99% 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 2025-01-31, dropping by -5.07 million shares to a total of 10.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 16.06 million shares. There was a decline of -46.13%, which implies that there is a negative sentiment for the stock.
