Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Range Resources Corp shares valued at $2,408,489 were sold by Scucchi Mark on Mar 20 ’25. At $40.15 per share, Scucchi Mark sold 59,994 shares. The insider’s holdings dropped to 690,094 shares worth approximately $26.77 million following the completion of this transaction.
Also, Scucchi Mark sold 45,142 shares, netting a total of over 1,817,868 in proceeds. Following the sale of shares at $40.27 each, the insider now holds 0 shares.
Before that, Mark Scucchi had added 59,994 shares to its account. In a trade valued at $2,408,491, the Officer bought Range Resources Corp shares for $40.15 each.
As published in a research note from Morgan Stanley on March 26, 2025, Range Resources Corp [RRC] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $49 from $40. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of January 17, 2025, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for RRC. Earlier on January 13, 2025, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for RRC stock which previously was a “a Neutral”.
Analyzing RRC Stock Performance
During the last five days, there has been a drop of approximately -3.68%. Over the course of the year, Range Resources Corp shares have jumped approximately 7.81%. Shares of the company reached a 52-week high of $41.95 on 01/22/25 and a 52-week low of $34.32 on 03/07/25. A 50-day SMA is recorded $38.60, while a 200-day SMA reached $34.08.
Support And Resistance Levels for Range Resources Corp (RRC)
According to the 24-hour chart, there is a support level at 38.17, which, if violated, would cause prices to drop to 37.56. In the upper region, resistance lies at 39.73. The next price resistance is at 40.67. RSI (Relative Strength Index) is 50.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 43.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
