Company Shares of Range Resources Corporation Rally 2.52%

Range Resources Corporation (NYSE:RRC) has climbed 2.52% in the past week and advanced 9.71% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.75% and the outperformance has advanced to 8.71% for the last 4 weeks period.

Range Resources Corporation (NYSE:RRC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.31 and $43.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.30, notching a gain of 3.41% for the day. The total traded volume was 5,039,007 . The stock had closed at $42.84 on the previous day.

The company shares have dropped -12.43% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $51.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.49 and the 200 Day Moving Average price is recorded at $32.25.

On the companys insider trading activities,The officer (Sr. VP & General Counsel) of Range Resources Corp, Poole David P sold 8,942 shares at $43 on May 25, 2016. The Insider selling transaction had a total value worth of $384,506. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Range Resources Corporation (NYSE:RRC). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $45 per share to $40 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 2.4% of Range Resources Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -19.99%.

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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