Company Shares of Rackspace Hosting Inc (NYSE:RAX) Rally 2.96%

Rackspace Hosting Inc (NYSE:RAX) has been under a strong bear grip, hence the stock is down -7.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.65% in the past 1 week. The stock has risen by 2.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.41% in the past 4 weeks.

The company shares have dropped -41.54% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $39.37 and the one year low was seen on Feb 17, 2016. The 50-Day Moving Average price is $22.93 and the 200 Day Moving Average price is recorded at $22.07.

The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 5.82%.


Rackspace Hosting Inc (NYSE:RAX): stock turned positive on Friday. Though the stock opened at $21.04, the bulls momentum made the stock top out at $21.63 level for the day. The stock recorded a low of $20.87 and closed the trading day at $21.6, in the green by 4.05%. The total traded volume for the day was 1,988,523. The stock had closed at $20.76 in the previous days trading.

In an insider trading activity,The officer (President & CEO) of Rackspace Hosting, Inc., Rhodes Taylor sold 14,325 shares at $20.24 on January 14, 2016. The Insider selling transaction had a total value worth of $289,938. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs, including for e-commerce, Web content management, Website hosting, data services, office mail and collaboration, and private clouds. It also offers advisory services for technology strategy, security and compliance, application assessment and migration, and DevOps automation. The Company also offers its solutions across a variety of IT form factors, including multi-tenant public cloud, dedicated single-tenant servers, private cloud, and hybrid cloud. It also delivers managed services, and Fanatical Support across its entire product portfolio. The Company sells its services to business customers in more than 120 countries. The Company has operations located across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, Sydney and Mexico City.

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