Hot Stocks Among Investors: Range Resources Corporation (RRC), State Street Corporation (STT)

Shares of Range Resources Corporation (NYSE:RRC) opened at $18.99, and ended -1.85% lower at $18.62. Nearly 9.04 million shares were traded by the close, higher than its average daily volume of 6.9 million shares.

Range Resources Corporation (RRC) Analyst Opinion

Range Resources Corporation has a consensus outperform rating from 34 Wall Street analysts, and the number of shares currently sold short amount to at least 13.43% of shares outstanding. The stock sank -5.05% last month and is down -45.81 this year. Wall Street is only getting more bullish on the stock, with 24 of analysts who cover RRC having a buy-equivalent rating. Analysts have placed a $29.33 price target on Range Resources Corporation, suggesting a 57.52% gain from recent close. It’s currently trading about -53.03% below its 52-week high.

Range Resources Corporation Earnings Surprise

Range Resources Corporation (RRC) surprised the stock market in its last reported earnings when it earned $0.05 a piece versus the consensus-estimated $0.03. Its revenue totaled $516.5 million down -8.64% from the previous quarter.

Range Resources Corporation (NYSE:RRC) Intraday View

This stock (RRC) is ahead of its 52-week low with 16.41%. Its last month’s stock price volatility remained 4.38% which for the week stands at 3.44%. The share price has moved backward from its 20 days moving average, trading at a distance of -0.57% and stays -0.97% away from its 50 days moving average. Over the last five days, shares have managed 1.03% gains and now is down -21.25% since hitting its 200-day moving average of $21.01. Range Resources Corporation (RRC) has made its way to a 12-month decline of -41.52%.

Turning to State Street Corporation (NYSE:STT), its shares were trading at $91.13 a gain of $0.85, on the trading floor. The stock, after opening at $90.1, touched a high of $91.39 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.6. State Street Corporation has 3 buy ratings, 13 holds and 0 sells even after the stock tumbled -8.86% from its high of $99.99 to a $33.79 billion market value through last close.

State Street Corporation (STT) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.5 to 2.5 during a month. Analysts set a 12-month price target of $104.03 a share. The target implies a 14.16% spike from where the shares are currently trading. Also, the current price highlights a discount of 26.19% to analysts’ high consensus price target.

State Street Corporation (NYSE:STT) Intraday Trading

The counter witnessed a trading volume of 1.87 million shares versus an average volume of 1.75 million shares during last trading session. Its last month’s stock price volatility remained 1.6% which for the week approaches 1.6%. The lowest price the stock reached in the last trading day was $89.68 and compares with the $71.35 52-week low. The stock recovered 27.72% since its low point and has performed 17.25% year-to-date.

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