Rackspace Technology Inc’s filing revealed that its Director Roberts Anthony C. acquired Company’s shares for reported $50583.0 on Dec 06 ’24. In the deal valued at $2.60 per share,19,455 shares were bought. As a result of this transaction, Roberts Anthony C. now holds 161,930 shares worth roughly $0.36 million.
Then, Koushik Srini sold 8,028 shares, generating $20,391 in total proceeds. Upon selling the shares at $2.54, the President, Technology now owns 1,018,251 shares.
Before that, SINHA DHARMENDRA KUMAR sold 23,357 shares. Rackspace Technology Inc shares valued at $59,327 were divested by the EVP, President, Public Cloud at a price of $2.54 per share. As a result of the transaction, SINHA DHARMENDRA KUMAR now holds 2,311,309 shares, worth roughly $5.13 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 jump 2.30% to $2.22. Over the last five days, the stock has lost -7.47%. Rackspace Technology Inc shares have risen nearly 11.50% since the year began. Nevertheless, the stocks have risen 25.28% over the past one year. While a 52-week high of $3.41 was reached on 11/13/24, a 52-week low of $1.45 was recorded on 04/02/24. SMA at 50 days reached $2.54, while 200 days put it at $2.27.
Levels Of Support And Resistance For RXT Stock
The 24-hour chart illustrates a support level at 2.18, which if violated will result in even more drops to 2.13. On the upside, there is a resistance level at 2.25. A further resistance level may holdings at 2.27. The Relative Strength Index (RSI) on the 14-day chart is 38.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.68%. Stochastics %K at 12.87% indicates the stock is a buying.
How much short interest is there in Rackspace Technology Inc?
A steep rise in short interest was recorded in Rackspace Technology Inc stocks on 2024-11-29, dropping by -0.62 million shares to a total of 4.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.31 million shares. There was a decline of -13.32%, which implies that there is a negative sentiment for the stock.
