Have Insiders Sold Range Resources Shares Recently?

We wouldn't blame Range Resources Corporation (NYSE:RRC) shareholders if they were a little worried about the fact that Ashley Kavanaugh, the VP, Controller & Principal Accounting Officer recently netted about US$603k selling shares at an average price of US$37.75. That sale reduced their total holding by 22% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Range Resources

Range Resources Insider Transactions Over The Last Year

The Executive VP & CFO, Mark Scucchi, made the biggest insider sale in the last 12 months. That single transaction was for US$4.2m worth of shares at a price of US$27.39 each. That means that even when the share price was below the current price of US$37.31, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was 51% of Mark Scucchi's holding.

Range Resources insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Range Resources

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Range Resources insiders own about US$179m worth of shares (which is 2.0% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Range Resources Tell Us?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for Range Resources you should be aware of.

But note: Range Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.