Rackspace Hosting Inc (RAX) : Traders are bullish on Rackspace Hosting Inc (RAX) as it has outperformed the S&P 500 by a wide margin of 8.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.26% in the last 1 week, and is up 11.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.34% and the 50-Day Moving Average is 1.92%. Rackspace Hosting, Inc. is up 2.45% in the last 3-month period. Year-to-Date the stock performance stands at -7.46%.
Rackspace Hosting Inc (NYSE:RAX): stock turned positive on Friday. Though the stock opened at $23.14, the bulls momentum made the stock top out at $23.5 level for the day. The stock recorded a low of $22.865 and closed the trading day at $23.43, in the green by 0.86%. The total traded volume for the day was 910,844. The stock had closed at $23.23 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.