Rackspace Hosting, Inc (symbol: RAX) was one of the biggest winners of the
trading day today (2016-08-25), gaining 9.58%. The number of shares that
changed hands was 4,362,231, or about 2.1 times the average daily volume in
the stock.
The closing price was $30.19, amounting to a market cap of $3,800,000,000,
about -6.07% off the highest price in the last 12 months. The stock has
been trading at a range between $15.05 and $32.14.
RAX is in the Computer Software: Programming, Data Processing industry,
part of the Technology sector. It first went public in 2008.
Looking at its valuation, the stock is now trading at 26.58 times earnings.
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