Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rackspace Technology Inc shares valued at $975,841 were sold by Maletira Amar on Mar 17 ’25. At $1.87 per share, Maletira Amar sold 521,840 shares. The insider’s holdings dropped to 4,368,328 shares worth approximately $7.64 million following the completion of this transaction.
Also, Marino Mark A. sold 20,217 shares, netting a total of over 37,806 in proceeds. Following the sale of shares at $1.87 each, the insider now holds 1,917,446 shares.
Before that, SINHA DHARMENDRA KUMAR had sold 176,374 shares from its account. In a trade valued at $329,819, the EVP, President, Public Cloud traded Rackspace Technology Inc shares for $1.87 each. Upon closing the transaction, the insider’s holdings decreased to 176,374 shares, worth approximately $3.71 million.
As published in their initiating research note from UBS on November 07, 2023, Rackspace Technology Inc [RXT] has been a Neutral and the price target has been revised to $1.40. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of July 25, 2023, Citigroup has decreased its “Neutral” rating to a “Sell” for RXT. Earlier on October 11, 2022, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for RXT stock which previously was a “an Outperform”.
Analyzing RXT Stock Performance
During the last five days, there has been a drop of approximately -6.42%. Over the course of the year, Rackspace Technology Inc shares have dropped approximately -20.81%. Shares of the company reached a 52-week high of $3.0300 on 02/21/25 and a 52-week low of $1.7000 on 03/26/25. A 50-day SMA is recorded $2.4185, while a 200-day SMA reached $2.4573.
Support And Resistance Levels for Rackspace Technology Inc (RXT)
According to the 24-hour chart, there is a support level at 1.7200, which, if violated, would cause prices to drop to 1.6900. In the upper region, resistance lies at 1.7900. The next price resistance is at 1.8300. RSI (Relative Strength Index) is 26.97 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1531, which suggests the price will decrease in the coming days. Percent R is at 89.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
