Talk about a Barron’s bounce!Range Resources (RRC) has soared to the top of the S&P 500 today after Barron’s touted it in the pages of the magazine this weekend.
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Range Resources gained 4.1% to $28.47, while the S&P 500 slipped 0.3% to2,375.31.
Barron’s Andrew Bary called Range Resources “an unappreciated energy play.” He explains why:
With major market indexes at record highs, natural-gas stocks are among the few depressed industry groups. Blame a warm winter and weakening gas prices.
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