Rackspace Technology Inc’s recent filing unveils that its Chief Financial Officer Marino Mark A. unloaded Company’s shares for reported $0.22 million on Feb 28 ’25. In the deal valued at $2.34 per share,94,571 shares were sold. As a result of this transaction, Marino Mark A. now holds 1,995,033 shares worth roughly $4.73 million.
Then, Marino Mark A. sold 202,230 shares, generating $527,820 in total proceeds. Upon selling the shares at $2.61, the Chief Financial Officer now owns 1,713,126 shares.
Before that, Marino Mark A. sold 14,458 shares. Rackspace Technology Inc shares valued at $33,832 were divested by the Chief Financial Officer at a price of $2.34 per share. As a result of the transaction, Marino Mark A. now holds 1,915,356 shares, worth roughly $4.54 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 unchanged to $2.37. Over the last five days, the stock has lost -8.14%. Rackspace Technology Inc shares have risen nearly 7.24% since the year began. Nevertheless, the stocks have risen 12.32% 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 $2.46.
Levels Of Support And Resistance For RXT Stock
The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.17. On the upside, there is a resistance level at 2.45. A further resistance level may holdings at 2.53. The Relative Strength Index (RSI) on the 14-day chart is 36.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics %K at 12.34% indicates the stock is a buying.
