Cloud management services provider Rackspace Hosting Inc said it would not sell itself, sending its shares down 16.5 percent in after-market trading. The company also named President Taylor Rhodes as chief executive, replacing Graham Weston, who co-founded Rackspace. Weston will become non-executive chairman.Rackspace, which has been facing competition from companies such as Amazon.com Inc and Google Inc, started a strategic alternatives review in May after it received takeover interests from multiple parties.Rackspace shares closed at $39.34 on Tuesday on the New York Stock Exchange.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN traded higher by 1.19% or $3.87/share to $327.76. In the past year, the shares have traded as low as $284.38 and as high as $408.06. On average, 3623370 shares of AMZN exchange hands on a given day and today's volume is recorded at 3259711.
Google Inc. (Google), is a global technology company. Shares of GOOG traded higher by 1.2% or $6.85/share to $579.95. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1544670 shares of GOOG exchange hands on a given day and today's volume is recorded at 1475668.
Rackspace Hosting, Inc., is the open cloud company. Shares of RAX traded higher by 0.87% or $0.34/share to $39.34. In the past year, the shares have traded as low as $26.18 and as high as $54.20. On average, 2995820 shares of RAX exchange hands on a given day and today's volume is recorded at 6353992.
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