Rackspace Hosting Inc. (RAX): Today's Featured Internet Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Rackspace Hosting (RAX) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 0.5%. By the end of trading, Rackspace Hosting rose $1.71 (2.8%) to $62.56 on average volume. Throughout the day, 1.4 million shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $60.77-$63.06 after having opened the day at $61.03 as compared to the previous trading day's close of $60.85. Other companies within the Internet industry that increased today were: Authentidate Holding Corporation (ADAT), up 7.1%, China Finance Online (JRJC), up 7.1%, Facebook Inc Class A (FB), up 6.3%, and MeetMe (MEET), up 5.7%.
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