Rackspace Hosting Inc. (RAX): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.1%. By the end of trading, Rackspace Hosting rose $1.63 (2.2%) to $75.03 on average volume. Throughout the day, 1.6 million shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in a price between $73-$75.28 after having opened the day at $73.50 as compared to the previous trading day's close of $73.40. Other companies within the Technology sector that increased today were: Zhone Technologies (ZHNE), up 22.3%, XRS (XRSC), up 20.9%, SunPower Corporation (SPWR), up 19%, and Orion Energy Systems (OESX), up 15.9%.
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