March 30, 2017 - 1:40 PM EDT
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Midday Update: Range Resources Corporation (RRC) Charges Ahead 3.56% on March 29

Range Resources Corporation (RRC) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on March 29. At the lunch break, shares of RRC have gained 3.56% to $28.78 after closing the day prior at $27.79. In the first two and a half hours of trading, the stock has gone as high as $28.93 and as low as $27.92. Today's rise has come with about 2.28 million shares changing hands, compared to an average 30-day volume of 5.01 million for Range Resources Corporation. The price is currently below the 30-day volume weighted average price of $28.47 for RRC. The share appreciation gives the company a market capitalization of $6.88 billion based upon 247.52 million shares outstanding. It also means that RRC has a price-to-book ratio of 1.27:1. In the past 52 weeks, shares of RRC have traded as low as $26.61 and as high as $46.96. Technical traders will take note that at $28.78, shares of RRC are trading below their 200-day MA at $36.43 and below their 50-day MA at $30.51. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is RRC? Range Resources Corp is a Texas-based independent natural gas, natural gas liquids and oil company. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties in the Pennsylvania and North Louisiana. The company’s 762 employees are led by CEO Jeffrey L. Ventura from the corporate headquarters at 100 Throckmorton Street in Fort Worth, TX. For more information on RRC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at

Source: Financial Press News (March 30, 2017 - 1:40 PM EDT)

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