Large Outflow of Money Witnessed in Range Resources Corporation

Range Resources Corporation (NYSE:RRC) had an volatile session and gained 0.35 points till last call. The price was at $43.54, gaining 0.81% till the last intraday data. The total uptick value was $19.24 million while the total downtick value was $21.24 million. The shares saw a net money flow of $(-2) million and the up/down ratio stood at 0.91. The stock has seen a change of of 0.69% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-2.17) million. Almost $0.44 million were received in upticks and approximately $2.61 million were lost in downticks, thereby giving the up/down ratio of 0.17.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Poole David P, officer (Sr. VP & General Counsel) of Range Resources Corp, had unloaded 8,942 shares at an average price of $43 in a transaction dated on May 25, 2016. The total value of the transaction was worth $384,506.

Range Resources Corporation (NYSE:RRC) : On Monday heightened volatility was witnessed in Range Resources Corporation (NYSE:RRC) which led to swings in the share price. The stock opened for trading at $43.12 and hit $44.36 on the upside , eventually ending the session at $43.54, with a gain of 0.81% or 0.35 points. The heightened volatility saw the trading volume jump to 3,323,398 shares. The 52-week high of the share price is $54.5 and the company has a market cap of $7,391 million. The 52-week low of the share price is at $19.21 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Nomura downgrades its outlook on Range Resources Corporation (NYSE:RRC). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm maintains the price target at $45 per share. The rating by the firm was issued on June 8, 2016.

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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