Shares of Range Resources Corporation (NYSE:RRC) Sees Large Outflow of Money

Range Resources Corporation (NYSE:RRC) managed to eke out gains of 1.5% in intraday trade. The share price increased by 0.68 points to $45.91. Till last observation, the net money flow was recorded at a negative $(-0.77) million. The total inflow of $8.47 million in upticks was completely overshadowed by an outflow of $9.24 million in downticks, giving the up/down ratio a value of 0.92. The shares have seen a change of 3.63% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $1.08 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-1.08) million.


The stock has recorded a 20-day Moving Average of 7.06% and the 50-Day Moving Average is 12.3%. The company shares have dropped 10.1% in the past 52 Weeks. On June 25, 2015 The shares registered one year high of $51.49 and one year low was seen on January 20, 2016 at $19.21. The 50-day moving average is $42.52 and the 200 day moving average is recorded at $32.43. S&P 500 has rallied 1.93% during the last 52-weeks.

Range Resources Corporation (NYSE:RRC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.96 and $44.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.45, notching a gain of 2.70% for the day. The total traded volume was 3,560,127 . The stock had closed at $45.23 on the previous day.

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 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.

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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