Rackspace Acquisition Speculation Fades, Hurts Stock

By | June 30, 2014

Scalper1 News

Rackspace Hosting (RAX) might yet find a buyer, but shares of the cloud-computing service provider have floundered amid speculation that it might not. Rackspace stock was up a fraction in midday trading in the stock market today, near 34, but shares fell 7.3% on Friday after DealReporter reported that the company was not attracting interest from strategic buyers. San Antonio-based Rackspace announced in May that it had hired Morgan Stanley to Scalper1 News

Scalper1 News