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August 19, 2014
12:21 EDTRAXRackspace 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.
News For RAX From The Last 14 Days
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November 24, 2015
08:29 EDTRAX, RAXRackspace price target lowered to $23 from $27 at CLSA
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November 19, 2015
12:52 EDTRAXRackspace should benefit from Goole Cloud Platform, says Stifel
Stifel analyst Matthew S. Heinz said Google Cloud comments appear to be misunderstood and not a bad thing for Rackspace. Heinz believes it is likely Rackspace will eventually add Google Cloud Platform to its list of iaaS support partners given its existing partnership with Google around its Apps for Work platform. The analyst rates Rackspace a Buy with a $42 price target on shares.
November 16, 2015
15:53 EDTRAXJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).
10:25 EDTRAXOptions with decreasing implied volatility
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