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Ticker Summary (RAX)

13.75-0.40 (-2.83%)
Open 14.08
High 14.09
Low 13.46
Volume 595,775
Market Cap 1.651B
52 Week High 14.87
52 Week Low 4.00
P/E 72.37
F P/E 39.31
EPS 0.19
Dividend N/A
Yield N/A
1 Year Target 12.75

RAX 13.75 -2.83%

Rackspace Shares Drop 20% in First Day of Trading (www.nytimes.com)

Rackspace Hosting, a San Antonio web hosting company, went public Friday. It is the first technology IPO in over six months. Shares of Rackspace immediately dove 20 percent on its first day of trading and analysts warned that the company's debut would not signal a turnaround would not signal a turnaround for tech start-ups.

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329 days 8 hours ago by Tim

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