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Ticker Summary (RAX)

19.76+0.12 (+0.61%)
Open 19.66
High 19.87
Low 19.60
Volume 925,888
Market Cap 2.447B
52 Week High 23.51
52 Week Low 6.13
P/E 85.91
F P/E 33.86
EPS 0.23
Dividend N/A
Yield N/A
1 Year Target 23.35

RAX 19.76 +0.61%

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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2 years 100 days ago by Tim

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