Range Resources Corporation (RRC) : Mondays money flow data in Range Resources Corporation (RRC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.25 million, whereas, $0.54 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.31, in favor of the bulls. The total money flow into the stock was $0.71 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.66 million. The total value of block trades done on upticks was $0.66 million. Range Resources Corporation (RRC) fell $0.09 and traded at $38.66, down -0.23% for the day, over previous days close. On a weekly basis, the shares are -3.37% over the previous weeks close.
Range Resources Corporation has lost 3.81% in the last five trading days and dropped 9.19% in the last 4 weeks. Range Resources Corporation is up 3.9% in the last 3-month period. Year-to-Date the stock performance stands at 59.22%.
Range Resources Corporation (NYSE:RRC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.80 and $38.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.14, notching a gain of 1.01% for the day. The total traded volume was 2,337,729 . The stock had closed at $38.75 on the previous day.
In a related news,The director of Range Resources Corp, Dub Anthony V sold 5,106 shares at $45.71 on June 21, 2016. The Insider selling transaction had a total value worth of $233,395. 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.