Large Inflow of Money Detected in Range Resources Corporation

Range Resources Corporation (RRC) : Thursdays money flow indicated an uptick to downtick ratio was at 1.19. The total value of inflow transactions on upticks was $14.17 million, whereas, the total value of outflow trades on downticks was $11.88 million. The total money flow was $2.28 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.27 million. The total value of the trades done on upticks was $3.27 million. Range Resources Corporation (RRC) was trading with a -1.97% change over previous days close. It fell $0.87 during the day and reached $43.22. The stock was -2.06% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 0.16%. Shares have dropped -8.95% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $47.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $43.61 and the 200 Day Moving Average price is recorded at $34.61.

Range Resources Corporation (NYSE:RRC): The stock opened at $45.07 on Thursday but the bulls could not build on the opening and the stock topped out at $45.16 for the day. The stock traded down to $42.72 during the day, due to lack of any buying support eventually closed down at $43.02 with a loss of -2.43% for the day. The stock had closed at $44.09 on the previous day. The total traded volume was 3,035,801 shares.

In an insider trading activity, The director, of Range Resources Corp, Dub Anthony V had unloaded 5,106 shares at $45.71 per share in a transaction on June 21, 2016. The total value of transaction was $233,395. The Insider information was revealed by 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *