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Stock Market & Financial Investment News

News Breaks
June 27, 2014
15:09 EDTRAXRackspace takes a sharp spike lower following dealReporter story
The shares have taken a sharp spike lower in price following an earlier dealReporter story that said the company has failed to attract strategic suitors. At the current price of $33.77 shares are off the session low at $33.16, which is now support. Resistance is at $34.71.
News For RAX From The Last 14 Days
Check below for free stories on RAX the last two weeks.
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July 21, 2014
07:15 EDTRAXO'Reilly to hold a conference
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July 15, 2014
11:07 EDTRAXRackspace new cloud pricing a differentiator, says Wells Fargo
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09:12 EDTRAXRackspace introduces new service-based pricing model
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July 14, 2014
10:00 EDTRAXOn The Fly: Analyst Upgrade Summary
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08:18 EDTRAXRackspace upgraded to Neutral from Underperform at DA Davidson
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July 11, 2014
15:00 EDTRAXChance of Rackspace strategic buyer lower if CenturyLink out, says Wells Fargo
After BrightWire said that CenturyLink's (CTL) interest in Raxspace (RAX) had faded, Wells Fargo cautioned that it is difficult to judge the validity of sources in "articles such as this." However, Wells added that if CenturyLink is actually out, that the possibility of Raxspace finding a strategic buyer could be "meaningfully" lower. The firm keeps it Outperform rating on Raxspace, citing its fundamentals.
14:08 EDTRAXRackspace 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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