Rackspace Technology Inc’s recently made public that its Chief Financial Officer Marino Mark A. unloaded Company’s shares for reported $33832.0 on Jan 27 ’25. In the deal valued at $2.34 per share,14,458 shares were sold. As a result of this transaction, Marino Mark A. now holds 1,915,356 shares worth roughly $4.94 million.
Then, Roberts Anthony C. bought 19,455 shares, generating $50,583 in total proceeds. Upon buying the shares at $2.60, the Director now owns 161,930 shares.
Before that, Koushik Srini sold 8,028 shares. Rackspace Technology Inc shares valued at $20,391 were divested by the President, Technology at a price of $2.54 per share. As a result of the transaction, Koushik Srini now holds 1,018,251 shares, worth roughly $2.63 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 -1.90% to $2.58. Over the last five days, the stock has lost -12.54%. Rackspace Technology Inc shares have risen nearly 16.74% since the year began. Nevertheless, the stocks have risen 21.70% over the past one year. While a 52-week high of $3.41 was reached on 02/21/25, a 52-week low of $1.45 was recorded on 01/02/25. SMA at 50 days reached $2.52, while 200 days put it at $2.45.
Levels Of Support And Resistance For RXT Stock
The 24-hour chart illustrates a support level at 2.52, which if violated will result in even more drops to 2.45. On the upside, there is a resistance level at 2.68. A further resistance level may holdings at 2.77. The Relative Strength Index (RSI) on the 14-day chart is 43.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.85%. Stochastics %K at 35.69% indicates the stock is a holding.
