Range Resources Corp’s recently made public that its EVP & CFO Scucchi Mark unloaded Company’s shares for reported $2.41 million on Mar 20 ’25. In the deal valued at $40.15 per share,59,994 shares were sold. As a result of this transaction, Scucchi Mark now holds 690,094 shares worth roughly $28.07 million.
Then, Scucchi Mark sold 45,142 shares, generating $1,817,868 in total proceeds. Upon selling the shares at $40.27, the EVP & CFO now owns 0 shares.
Before that, Mark Scucchi bought 59,994 shares. Range Resources Corp shares valued at $2,408,491 were divested by the Officer at a price of $40.15 per share.
JP Morgan upgraded its Range Resources Corp [RRC] rating to a Neutral from a an Underweight in a research note published on March 13, 2025; the price target was increased to $45 from $43. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in mid January from “a Sector outperform” to “a Sector perform”. BofA Securities also remained covering RRC and has increased its forecast on January 13, 2025 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on January 03, 2025. It rated RRC as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of RRC
On Monday, Range Resources Corp [NYSE:RRC] saw its stock jump 1.98% to $40.67. Over the last five days, the stock has gained 4.36%. Range Resources Corp shares have risen nearly 13.04% since the year began. Nevertheless, the stocks have risen 23.69% 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 03/07/25. SMA at 50 days reached $38.55, while 200 days put it at $34.03.
Levels Of Support And Resistance For RRC Stock
The 24-hour chart illustrates a support level at 40.06, which if violated will result in even more drops to 39.45. On the upside, there is a resistance level at 41.14. A further resistance level may holdings at 41.61. The Relative Strength Index (RSI) on the 14-day chart is 62.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.94%. Stochastics %K at 91.08% 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 2025-02-28, growing by 2.04 million shares to a total of 13.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.99 million shares. There was a rise of 15.67%, which implies that there is a positive sentiment for the stock.
