Scalper1 News
Rackspace Hosting (RAX) plunged Wednesday after the cloud service provider killed investor hopes that it would be acquired. Rackspace announced late Tuesday that it had ended its strategic review process and would remain independent. The cloud computing and Web hosting service provider named President Taylor Rhodes as chief executive. Rackspace also said it would not add debt to fund a stock repurchase program. Rackspace was down 15% in early Scalper1 News
Scalper1 News