Large Inflow of Money Witnessed in Range Resources Corporation

Range Resources Corporation (NYSE:RRC) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.18. The total value of inflow transactions on upticks was $36.8 million, whereas, the total value of outflow trades on downticks was $31.12 million. The total money flow was $5.68 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $6.4 million. The total value of the trades done on upticks was $7.1 million. Downticks saw transactions worth $0.71 million. The total uptick to downtick ratio stood at 10.04, mildly in favor of the bulls. Range Resources Corporation (NYSE:RRC) was trading with a -1.19% change over previous days close. It fell $0.53 during the day and reached $43.99. The stock was 1.55% compared to the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Range Resources Corp, Dub Anthony V had sold 5,106 shares worth of $233,395 in a transaction dated June 21, 2016. In this transaction, 5,106 shares were sold at $45.71 per share. Currently the company Insiders own 2.4% of Range Resources Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.94% . During last six month period, the net percent change held by insiders has seen a change of -12.37%.

The company shares have dropped -6.90% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $49.40 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.92 and the 200 Day Moving Average price is recorded at $33.27. Range Resources Corporation (NYSE:RRC): The stock opened at $45.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.56 for the day. The stock traded down to $43.78 during the day, due to lack of any buying support eventually closed down at $43.99 with a loss of -1.19% for the day. The stock had closed at $44.52 on the previous day. The total traded volume was 4,365,968 shares.

Range Resources Corporation (Range) is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Midcontinent regions of the United States. The Companys properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and, to a lesser extent, royalty and overriding royalty interests. The Companys activities in the Midcontinent region include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.

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