Rackspace Hosting, Inc. (RAX) Bond Prices Fall 0.6%
An issue of Rackspace Hosting, Inc. (NYSE:RAX) bonds fell 0.6% against their face value during trading on Thursday. The debt issue has a 8.625% coupon and is set to mature on November 15, 2024. The debt is now trading at $106.13 and was trading at $107.00 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.
Shares of Rackspace Hosting, Inc. (NYSE RAX) remained flat at $31.99 on Thursday. The company has a 50 day moving average of $31.99 and a 200-day moving average of $31.90. Rackspace Hosting, Inc. has a 12-month low of $19.65 and a 12-month high of $31.99.
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Rackspace Hosting Company Profile
Rackspace Hosting, Inc (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs. The Company offers services for certain applications, including e-commerce and Web content management sites, business-productivity applications, such as e-mail and collaboration, and data stores.
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