Comments

Ticker Summary (RAX)

18.89-0.62 (-3.18%)
Open 19.43
High 19.43
Low 18.74
Volume 370,848
Market Cap 2.339B
52 Week High 23.51
52 Week Low 5.55
P/E 82.13
F P/E 34.23
EPS 0.23
Dividend N/A
Yield N/A
1 Year Target 23.30

RAX 18.89 -3.18%

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.

Negative Impact Positive Impact -1 | Circulate

Del.icio.us Digg Reddit StumbleUpon NewsVine

2 years 93 days ago by Tim

Submit comment

Please sign in or register to leave a comment.