Unusual Social Activity Today Around Range Resources (RRC)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Range Resources ( RRC) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Range Resources as such a stock due to the following factors:

  • RRC has 18x the normal benchmarked social activity for this time of the day compared to its average of 5.74 mentions/day.
  • RRC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $155.9 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on RRC:

Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. The stock currently has a dividend yield of 0.3%. RRC has a PE ratio of 16. Currently there are 16 analysts that rate Range Resources a buy, no analysts rate it a sell, and 8 rate it a hold.

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