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Analyzing the Insider Data for Range Resources Corporation (RRC)

Recent insider trends for Range Resources Corporation (NYSE:RRC) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. RRC’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 95.25% of Range Resources Corporation (RRC)’s shares. The total value of these holdings, in millions, is $4,545. Among active positions in the latest quarter, 246 holders increased their positions by a total of 32.79 million shares, 196 holders decreased the positions by a total of 28.77 million shares, and 55 holders held their positions. This works out to a net increase in ownership of 4.02 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 37 holders initiated new positions by a total of 3.73 million shares and 72 holders exited their positions by a total of 10.94 million shares. This nets out to a decrease of 7.22 million shares and is another bearish sign for RRC.

Insider ownership increased by a total of 0 shares, which suggests that RRC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 49 buys and 20 sells, and ownership increased by a net of 437863 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Range Resources Corporation (NYSE:RRC)’s short interest is 34.46 million shares, or 14.19% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that RRC is a sell, which implies that RRC is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Range Resources Corporation (NYSE:RRC) is overvalued.

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