Rackspace Hosting (RAX) is Trading Higher on Unusual Volume for February 17

Equities Staff |

Rackspace Hosting (RAX) experienced unusually high volume on Feb. 17, as the stock gained 2.64% to a closing price of $18.65. The stock saw 13.01 million shares trade hands over the course of the day on 56,490 trades. Given that the stock’s average daily volume over the last month has been 2.13 million shares a day, this represents a pretty substantial spike over the norm.

Rackspace Hosting has a P/B ratio of 2.39. It also has a P/E ratio of 19.8. The stock has traded between $56.20 and $16.38 over the last 52-weeks, its 50-day SMA is now $22.47, and its 200-day SMA $30.72.

Rackspace Hosting Inc, through its operating subsidiaries, is a provider of cloud computing services, managing web-based IT systems for small and medium-sized businesses as well as large enterprises.

Headquartered in City of Windcrest, TX, Rackspace Hosting has 6,177 employees and is currently under the leadership of CEO Taylor Rhodes.

For a complete fundamental analysis analysis of Rackspace Hosting, check out Equities.com’s Stock Valuation Analysis report for RAX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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