Rackspace Technology, Inc. (NASDAQ:RXT – Get Free Report)’s stock price was down 3.3% during trading on Wednesday . The stock traded as low as $2.32 and last traded at $2.32. Approximately 43,356 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,276,036 shares. The stock had previously closed at $2.40.
Rackspace Technology Stock Down 9.2 %
The company has a market cap of $487.99 million, a P/E ratio of -0.57 and a beta of 1.98. The business has a fifty day moving average price of $2.49 and a 200-day moving average price of $2.05.
Insider Transactions at Rackspace Technology
In related news, insider Kellie Teal-Guess sold 61,393 shares of Rackspace Technology stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $2.13, for a total transaction of $130,767.09. Following the completion of the transaction, the insider now owns 909,775 shares of the company’s stock, valued at $1,937,820.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Rackspace Technology news, EVP Dharmendra Kumar Sinha sold 149,249 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 2,466,593 shares in the company, valued at approximately $5,821,159.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kellie Teal-Guess sold 61,393 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $2.13, for a total transaction of $130,767.09. Following the completion of the transaction, the insider now directly owns 909,775 shares in the company, valued at $1,937,820.75. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Hedge Funds Weigh In On 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.
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