Large Inflow of Money Witnessed in Rackspace Hosting Inc

Rackspace Hosting Inc (NYSE:RAX) : The money flow analysis of Rackspace Hosting Inc (NYSE:RAX) indicates a $5.79 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $7.51 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.3 and so was the total money flow at $1.71 million. The bulls lapped up $1.81 million worth of block trades on upticks. The money flow was $1.81 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Rackspace Hosting Inc (NYSE:RAX), pushing it down by -1.37% for the day. The stock slid $0.29 and traded at $20.84 during the day. Nonetheless, the stock is -3.29% over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President & CEO) of Rackspace Hosting, Inc., Rhodes Taylor had sold 14,325 shares worth of $289,938 in a transaction dated January 14, 2016. In this transaction, 14,325 shares were sold at $20.24 per share. Currently the company Insiders own 15.5% of Rackspace Hosting Inc shares according to the proxy statements. Institutional Investors own 83.72% of Rackspace Hosting Inc shares. During last six month period, the net percent change held by insiders has seen a change of -4.06%.

The company shares have dropped -43.59% 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 $23.36 and the 200 Day Moving Average price is recorded at $22.26. Rackspace Hosting Inc (NYSE:RAX): The stock opened at $21.17 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.37 for the day. The stock traded down to $20.72 during the day, due to lack of any buying support eventually closed down at $20.84 with a loss of -1.37% for the day. The stock had closed at $21.13 on the previous day. The total traded volume was 2,180,386 shares.

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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