Rackspace Technology, Inc. (NASDAQ:RXT – Get Free Report) shares were up 5.9% during mid-day trading on Tuesday . The company traded as high as $2.36 and last traded at $2.35. Approximately 213,237 shares changed hands during trading, a decline of 83% from the average daily volume of 1,276,986 shares. The stock had previously closed at $2.22.
Rackspace Technology Price Performance
The firm has a market capitalization of $526.05 million, a price-to-earnings ratio of -0.60 and a beta of 1.98. The firm’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.05.
Insider Transactions at Rackspace Technology
In other Rackspace Technology news, EVP Dharmendra Kumar Sinha sold 149,249 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $2.36, for a total transaction of $352,227.64. Following the transaction, the executive vice president now owns 2,466,593 shares of the company’s stock, valued at approximately $5,821,159.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Dharmendra Kumar Sinha sold 149,249 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $2.36, for a total transaction of $352,227.64. Following the completion of the transaction, the executive vice president now owns 2,466,593 shares of the company’s stock, valued at approximately $5,821,159.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kellie Teal-Guess sold 61,393 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $2.13, for a total transaction of $130,767.09. Following the transaction, the insider now directly owns 909,775 shares in the company, valued at approximately $1,937,820.75. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Institutional Trading of Rackspace Technology
About Rackspace Technology
Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.
Further Reading
- Five stocks we like better than Rackspace Technology
- What is a buyback in stocks? A comprehensive guide for investors
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- How to Invest in Insurance Companies: A Guide
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- Health Care Stocks Explained: Why You Might Want to Invest
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Receive News & Ratings for Rackspace Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rackspace Technology and related companies with MarketBeat.com's FREE daily email newsletter.