Rackspace Technology Inc’s filing revealed that its Chief Human Resources Officer TEAL-GUESS KELLIE unloaded Company’s shares for reported $0.13 million on May 16 ’24. In the deal valued at $2.13 per share,61,393 shares were sold. As a result of this transaction, TEAL-GUESS KELLIE now holds 909,775 shares worth roughly $1.93 million.
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Then, Maletira Amar sold 37,446 shares, generating $71,930 in total proceeds. Upon selling the shares at $1.92, the Chief Executive Officer now owns 4,638,423 shares.
Before that, Lillie Brian sold 139,701 shares. Rackspace Technology Inc shares valued at $226,316 were divested by the EVP, President Private Cloud at a price of $1.62 per share. As a result of the transaction, Lillie Brian now holds 1,608,258 shares, worth roughly $3.41 million.
UBS initiated its Rackspace Technology Inc [RXT] rating to a Neutral in a research note published on November 07, 2023; the price target was $1.40. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid September from “a Mkt perform” to “an Outperform”. Citigroup also remained covering RXT and has decreased its forecast on July 25, 2023 with a “Sell” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on October 11, 2022. It rated RXT as “an In-line” which previously was an “an Outperform”.
Price Performance Review of RXT
On Tuesday, Rackspace Technology Inc [NASDAQ:RXT] saw its stock fall -1.85% to $2.12. Over the last five days, the stock has gained 2.42%. Rackspace Technology Inc shares have risen nearly 6.00% since the year began. Nevertheless, the stocks have risen 87.61% over the past one year. While a 52-week high of $3.10 was reached on 03/12/24, a 52-week low of $1.13 was recorded on 04/02/24. SMA at 50 days reached $1.76, while 200 days put it at $1.78. A total of 1.11 million shares were traded, compared to the trading of 1.19 million shares in the previous session.
Levels Of Support And Resistance For RXT Stock
The 24-hour chart illustrates a support level at 2.07, which if violated will result in even more drops to 2.01. On the upside, there is a resistance level at 2.19. A further resistance level may holdings at 2.25. The Relative Strength Index (RSI) on the 14-day chart is 68.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.87%. Stochastics %K at 84.17% indicates the stock is a selling.
