Rackspace rises on activist stakes, levels to watch Wells Fargo noted earlier that the company is more likely to adopt a shareholder friendly capital structure after Third Point's share stake news of last week and Blue Harbour Group's announcement of a 6.5% stake in the company last night after the close. Shares are on the move higher today. At the current price of $32.91, the stock is up over 3.4%. Next resistance is at $33.75. Support is at $32.45.