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Stock Market & Financial Investment News

News Breaks
July 11, 2014
14:08 EDTRAX, CTLRackspace drawing 'tepid' interest from potential buyers, BrightWire says
Rackspace (RAX) is receiving a "tepid" response from potential buyers, according to BrightWire, citing three sources familiar with the matter. One industry source said CenturyLink (CTL) made an initial overture, but a banking source said the interest was only casual and soon faded, according to the report. Reference Link
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September 15, 2014
10:56 EDTRAXOptions with decreasing implied volatility
Options with decreasing implied volatility: TRW ULTA GTAT FIVE RH LULU LE RAX ARCP BKS
09:59 EDTRAXOn The Fly: Analyst Downgrade Summary
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09:16 EDTRAXOn The Fly: Pre-market Movers
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06:53 EDTCTL, RAXRackspace downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Rackspace (RAX) to Neutral citing a balanced risk/reward following last week's rally in shares. The firm is skeptical of a potential takeover by CenturyLink (CTL) and keeps a $37 price target for the stock. JPMorgan says the current valuation already assumes a deal happens.
September 12, 2014
16:44 EDTCTL, RAXMarket ends week lower as investors fret over Fed statement
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11:03 EDTRAXOptions with increasing implied volatility
Options with increasing implied volatility: ADHD VNET AVNO RAX VALE NLY EWZ BBBY SYY GGP
September 11, 2014
11:29 EDTRAXOptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
September 10, 2014
11:23 EDTRAXOptions with increasing implied volatility
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September 9, 2014
12:08 EDTRAXOptions with increasing implied volatility
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08:27 EDTCTL, RAXCenturyLink could buy Rackspace for under $50/share, says Citigroup
Citigroup believes CenturyLink (CTL) could "financially digest" a potential acquisition of Rackspace (RAX) under $50 per share, using up to 50% in cash. Citi says that based on its initial basis, it would take a neutral view for a possible buyout under $40 per share, while adding that CenturyLink could trade lower if it were to pay more than $50 for Rackspace. Citi has a Neutral rating on CenturyLink with a $40 price target.
07:52 EDTCTL, RAXCenturyLink could be interested in Rackspace at right price, says UBS
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September 8, 2014
16:18 EDTCTL, RAXOn The Fly: Closing Wrap
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11:24 EDTRAX, CTLRackspace trades higher following report CenturyLink in talks to buy company
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10:58 EDTRAX, CTLCenturyLink would need to issue stock, raise debt to buy Rackspace, Re/code says
Following a Bloomberg report that said CenturyLink (CTL) is interested in buying Raxspace (RAX), Re/code's Arik Hesseldahl noted that CenturyLink has "practically no cash" and would have to issue stock and likely take on "significant debt" to make such an acquisition, though the author also noted that CenturyLink has a history of structuring such deals. However, Hesseldahl believes Rackspace remaining independent is still the "more likely scenario" than the company being bought. Reference Link
10:24 EDTRAXRackspace moves to resistance test on takeover speculation report
Bloomberg yesterday said in a report that sources indicated CenturyLink (CTL) was looking to acquire Rackspace Hosting (RAX). At the current price of $39.21, the stock is just under the $40 level which has been overhead resistance in the trading range in place since late last year. Support is at $38.28. A breakout above $40 would be bullish for future price.
09:12 EDTRAX, CTLOn The Fly: Pre-market Movers
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08:58 EDTRAX, CTLRackspace risk/reward remains compelling, says Wells Fargo
Wells Fargo says that even with some takeout speculation being priced into Rackspace (RAX)shares today following reports that CenturyLink (CTL) is in talks to buy the company, the risk/reward on the stock remains compelling. Wells believes Rackspace either gets acquired at a premium or stays independent and announces a share buyback of $900M. The firm keeps an Outperform rating on the name.
08:36 EDTRAX, CTLRackspace Hosting volatility expected to move on acquisition report
Rackspace Hosting (RAX) volatility is expected to move on CenturyLink (CTL) looking to acquire says Bloomberg, citing sources. Overall option implied of 37 is below its 26-week average of 46 according to Track Data, suggesting decreasing price movement.
September 7, 2014
16:22 EDTRAX, CTLCenturyLink said to seek Rackspace acquisition, Bloomberg says
Louisiana-based landline phone service provider CenturyLink (CTL), is looking to acquire cloud computing company Rackspace Hosting (RAX), says Bloomberg, citing sources. Sources say a deal may not be reached for Rackspace Hosting, which currently has a stock market valuation of $5.33B, added Bloomberg. Reference Link
September 3, 2014
06:39 EDTRAXRackspace volatility at low end of historic range
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