user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 419555 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Shares of Rackspace Hosting Under Pressure, Down 1.5%

Published on Thu, 01/10/2013 - 13:22
By Mallory Stone

One of today's notable stocks in decline is Rackspace Hosting (NYSE:RAX), down 1.5% to $76.58. The S&P is currently trading 0.3% higher to 1,466 and the Dow Jones Industrial Average is trading 0.2% higher to 13,422.

In the past 52 weeks, Rackspace Hosting share prices have been bracketed by a low of $40.57 and a high of $78.36 and are now at $76.58, 89% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services.

Based on a current price of $76.58, Rackspace Hosting is currently 6.9% above its average consensus analyst price target of $71.33. The stock should find initial support at its 50-day moving average (MA) of $68.12 and further support at its 200-day MA of $57.89.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Advance Auto Parts Earnings In Retrospec...

Two weeks ago on August 14th, 2014 Advance Auto Parts (NYSE:AAP) reported earnings and ...

Earnings Flashback: Since Reporting Quar...

When Flowers Foods (NYSE:FLO) reported earnings 18 days ago on August 12th, 2014, analy ...

American Eagle Outfitters Earnings Hinds...

When American Eagle Outfitters (NYSE:AEO) reported earnings 10 days ago on August 20th, ...

Post Earnings Update: K12 Has Sunk 3.0% ...

When K12 (NYSE:LRN) reported earnings 16 days ago on August 14th, 2014, analysts, on av ...

AnnTaylor Stores Earnings Hindsight: Up ...

When AnnTaylor Stores (NYSE:ANN) reported earnings 8 days ago on August 22nd, 2014, ana ...

Resolute Energy Earnings Review: 19 Days...

Two weeks ago on August 11th, 2014 Resolute Energy (NYSE:REN) reported earnings and ana ...

salesforce.com Earnings Review: 9 Days a...

When salesforce.com (NYSE:CRM) reported earnings a week ago on August 21st, 2014, analy ...

Post Earnings Update: JM Smucker Has Cli...

When JM Smucker (NYSE:SJM) reported earnings 10 days ago on August 20th, 2014, analysts ...