Large Outflow of Money Witnessed in Rackspace Hosting Inc

Rackspace Hosting Inc (RAX) : The total money flow in Rackspace Hosting Inc (RAX) was negative ($5 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $13.32 million. In comparison, the inflow of money into the stock on upticks was $8.32 million. The uptick to downtick ratio was 0.62. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.95 million. The negative money flow of ($4.95 million) confirms the selling in Rackspace Hosting Inc (RAX) on strength. Rackspace Hosting Inc (RAX) gained $1.03 at $23.04, a gain of 4.68% over the previous days close. However, the stock registered 6.67% in the week.


The company Insiders own 15.5% of Rackspace Hosting Inc shares according to the proxy statements. Institutional Investors own 83.75% of Rackspace Hosting Inc shares. During last six month period, the net percent change held by insiders has seen a change of 1.51%. 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.

Shares of Rackspace Hosting, Inc. appreciated by 14.74% during the last five trading days but lost 0.52% on a 4-week basis. Rackspace Hosting, Inc. has dropped 4.41% during the last 3-month period . Year-to-Date the stock performance stands at -9.32%.

Rackspace Hosting Inc (NYSE:RAX): stock turned positive on Tuesday. Though the stock opened at $22.31, the bulls momentum made the stock top out at $23.565 level for the day. The stock recorded a low of $22.11 and closed the trading day at $22.96, in the green by 4.32%. The total traded volume for the day was 2,719,399. The stock had closed at $22.01 in the previous days trading.

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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