Stock Market & Financial Investment News

News Breaks March 22, 2013 08:08 EDT RAX Rackspace downgraded to Sector Perform from Outperform at Pacific Crest Pacific Crest downgraded Rackspace to reflect concerns regarding future tiered OpenStack price reductions, lower margins from incremental enterprise wins, increasing competition, and near-term negative catalysts. News For RAX From The Last 14 Days Check below for free stories on RAX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent RAX news | >> May 23, 2013 12:52 EDT RAX Google cuts data storage prices Google earlier today announced that it was reducing its Google App Engine data storage prices by up to 25%. Reference Link May 22, 2013 10:01 EDT RAX Rackspace calls active on renewed takeover chatter Subscribe for More Information 09:44 EDT RAX Rumor: Rackspace moves up on renewed takeover chatter May 21, 2013 15:40 EDT RAX Rackspace files to sell 108,645 shares of common stock for holders May 20, 2013 09:11 EDT RAX Rackspace re-initiated with a Market Perform at Raymond James May 16, 2013 05:56 EDT RAX Stocks with implied volatility below IV index mean; RAX MBI Stocks with implied volatility below IV index mean; Rackspace (RAX), MBIA (MBI) according to IVolatility. May 15, 2013 11:16 EDT RAX Options with decreasing implied volatility: RAX CSC SPPI MBI PANL 06:16 EDT RAX Stocks with implied volatility below IV index mean; RAX MBI Subscribe for More Information May 14, 2013 06:15 EDT RAX Stocks with implied volatility below IV index mean; RAX IBM Stocks with implied volatility below IV index mean; Rackspace (RAX), MBIA (MBI) according to IVolatility. May 13, 2013 06:13 EDT RAX Stocks with implied volatility below IV index mean; RAX MBI Subscribe for More Information May 10, 2013 06:07 EDT RAX Stocks with implied volatility below IV index mean; RAX MBI Subscribe for More Information May 9, 2013 16:47 EDT RAX On The Fly: Closing Wrap Stocks on Wall Street were lower, breaking the recent streak of the Dow and S&P 500 setting new closing highs. The averages moved higher during the afternoon, as the dollar topped the Y100 level for the first time in three years, though the averages fell again and failed to regain positive territory into the close. ECONOMIC EVENTS: In the U.S., jobless claims fell 4K from the prior week to 323K, which was below the consensus 335K claim forecast. Wholesale inventories rose 0.4% in March, which matched expectations. In Asia, Chinese consumer prices increased 2.4% in April, which was just above expectations, and producer prices fell 2.6%, which was more than expected. Also, the Bank of Korea unexpectedly cut its interest rate. COMPANY NEWS: Two heavily shorted stocks, Tesla (TSLA) and Green Mountain Coffee Roasters (GMCR), surged after reporting quarterly earnings after yesterday's close. Tesla added $13.61, or 24.4%, to $xx 69.40 after its top and bottom line results beat Street estimates and it raised its full-year vehicle delivery outlook to 21,000 from 20,000 vehicles. Green Mountain shares gained $16.56, or 27.84%, to $76.04 after the company's earning came in better than expected and it announced a long-term strategic partnership with Starbucks. MAJOR MOVERS: Among the notable gainers was Barnes & Noble (BKS), up $4.31, or 24.25%, to $22.08 after a report saying Microsoft (MSFT) is considering acquiring the digital assets of Nook Media. Also higher was News Corp. (NWSA), up $1.43, or 4.49%, to $33.29 after its third quarter earnings were in-line and its revenues topped consensus estimates. Among the noteworthy losers Rackspace (RAX), down $12.88, or 24.66%, to $39.36 after its second quarter revenue missed Street estimates and its stock received downgrades from at least four analyst firms. Also lower following its quarterly report was Monster Beverage (MNST), which fell $2.96, or 5.2%, to $54.01. INDICES: The Dow was down 22.50, or 0.15%, to 15,082.62; the Nasdaq was down 4.10, or 0.12%, to 3,409.17; and the S&P 500 was down 6.02, or 0.37%, to 1,626.67. 12:35 EDT RAX On The Fly: Midday Wrap Subscribe for More Information 12:00 EDT RAX Rackspace falls 26.1% Rackspace is down 26.1%, or $13.64, to $38.60 10:08 EDT RAX On The Fly: Analyst Downgrade Summary Subscribe for More Information 10:08 EDT RAX On The Fly: Analyst Upgrade Summary Subscribe for More Information 10:00 EDT RAX Rackspace falls 24.8% Subscribe for More Information 09:22 EDT RAX Rackspace weakness creates buying opportunity, says JMP Securities Subscribe for More Information 09:19 EDT RAX On The Fly: Pre-market Movers UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference. 09:00 EDT RAX Rackspace falls 21% Rackspace is down 21%, or $10.97, to $41.27 1 | 2 | all recent RAX news | >> Sign up for a free trial to see the rest of the stories you've been missing.