Rackspace Technology Inc. (NASDAQ: RXT): The Best-Of-Breed For Investing?

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    With over 1.91 million Rackspace Technology Inc. (RXT) shares trading Monday and a closing price of $18.36 on the day, the dollar volume was approximately $35.06 million. The shares have shown a positive weekly performance of 0.27% and its price on 08/24/20 gained nearly 0.16%. Currently, there are 198.19M common shares owned by the public and among those 197.99M shares have been available to trade.

    Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 142,857 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 22,125 shares.

    Bridge Builder Small/Mid Cap Valu owns 0.27 million shares of the company’s stock, all valued at over $0.0.

    Shares of Rackspace Technology Inc. (NASDAQ: RXT) opened at $18.8147, up $0.48 from a prior closing price of $18.33. However, the script later closed the day at $18.36, up 0.16%. It has a 12-month low price of $15.25 and touched a high of $20.10 over the same period. Currently, 1.91 million shares have been traded, compared to an average intraday trading volume of 6.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.47%, 8.47%, and 8.47% respectively.

    Institutional ownership of Rackspace Technology Inc. (NASDAQ: RXT) 198.19M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 0.00% and — respectively.

    It has a market capitalization of $3.64B. The earnings-per-share (ttm) stands at -$0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.79% over the week.

    Analysts forecast that Rackspace Technology Inc. (RXT) will achieve an EPS of $RTX for the current quarter, $61.90 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $RXT while analysts give the company a high EPS estimate of $Textron Inc. Comparatively, EPS for the current quarter was $Redwood Trust, Inc. a year ago.

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