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Stock Market & Financial Investment News

News Breaks
April 4, 2014
10:19 EDTRAXRackspace calls active on renewed takeover chatter
Rackspace April weekly and traditional 33 calls are active on total call volume of 4,100 contracts (300 puts). April and May call option implied volatility is at 46, September is at 43; compared to its 26-week average of 43 according to Track Data. Active call option volume suggests traders taking positions for large price movement on renewed takeover chatter.
News For RAX From The Last 14 Days
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December 19, 2014
10:17 EDTRAXOn The Fly: Analyst Initiation Summary
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06:48 EDTRAXRackspace coverage resumed with a Buy at Stifel
Target $56.
December 16, 2014
11:31 EDTRAXRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
December 12, 2014
10:01 EDTRAXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
08:10 EDTRAXRackspace downgraded to Underperform from Neutral at DA Davidson
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December 11, 2014
14:55 EDTRAXRackspace management to meet with William Blair
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07:34 EDTRAXBarclays to hold a bus tour
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