This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple, Rackspace, Zynga: Tech Winners & Losers

NEW YORK ( TheStreet) -- Rackspace (RAX - Get Report) continued to add to gains after the company announced it acquired Mailgun, a cloud-based start-up that enhances email services.

Terms of the deal, which is expected to close this week, were not disclosed. "Mail is a core component of nearly every website and application today. Our customers are asking for this and Mailgun is the right company to help us deliver it in a tightly integrated way," said Pat Matthews, Rackspace's senior vice president of corporate development, in the company press release.

Shares of Rackspace rose 1.15% to $59.73 in Tuesday trade. The company's stock is up 38.87% year-to-date.

Apple (AAPL - Get Report) shares fell slightly as traders digested some of the recent gains, following the company's win against Samsung in a patent case.

How the Apple Win Changes Technology Forever

Shares of Apple, which have gained 66.69% since the start of 2012, fell slightly Tuesday, off 0.08% to $675.17.

Zynga (ZNGA - Get Report) shares continued to decline, as the company is being sued in a class-action lawsuit.

On Monday, law firm Morgan & Morgan sent out a reminder to plaintiffs in the suit, which alleges that Zynga violated federal securities laws, overstating growth, which caused a sharp drop in the share price after second-quarter earnings.

Shares of Zynga slipped 1.31% to $3.02 in mid-Tuesday trade.

Interested in more on Zynga? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.82 -0.85%
RAX $22.09 -2.20%
ZNGA $2.54 10.00%
FB $117.80 -0.22%
GOOG $697.67 0.28%


Chart of I:DJI
DOW 17,648.76 -2.50 -0.01%
S&P 500 2,054.61 +3.49 0.17%
NASDAQ 4,732.5120 +6.8730 0.15%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs