Rackspace Hosting Inc (RAX) : The total negative money flow of $1.64 million on Friday indicates selling on strength. The inflow of money on upticks was $1.27 million, compared to $2.91 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.44. The negative money flow of $2.13 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.13 million. The price action in the Rackspace Hosting Inc (RAX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $31.48 with a gain of $0.01 , a change of 0.03% over the previous days close. The stock registered -0.06% for the week.
The company Insiders own 15.5% of Rackspace Hosting Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.75% . Institutional Investors own 84.54% of Rackspace Hosting Inc shares. During last six month period, the net percent change held by insiders has seen a change of -7.75%.
In a related news, The Securities and Exchange Commission has divulged that Roenigk Mark, officer (Chief Operating Officer) of Rackspace Hosting, Inc., had unloaded 701 shares at an average price of $29.25 in a transaction dated on August 12, 2016. The total value of the transaction was worth $20,504.
Rackspace Hosting Inc (NYSE:RAX): The stock was completely flat for the day, closing at $31.47 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $31.51, the stock touched an intraday high of $31.52 and a low of $31.44. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $31.47. The total trading volume on Friday was 5,392,898.
Rackspace Hosting Inc (RAX) has risen sharply, recording gains of 7.52% in the past 4 weeks. However, the stock has corrected -0.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.66% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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.