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Rackspace's Buyout Bidders Make it Tuesday's Chart of the Day

5/27/14 9:24 AM EDT
Rackspace had a difficult 2013, losing more than 30 percent even amid potential takeover rumors. Today, it's TheStreet's Chart of the Day. The company finally saw shares rebound earlier this month on news it hired investment bank Morgan Stanley to help it consider inbound M&A pitches. Even though Rackspace shares are down about 10 percent over the last 12 months, deal activity in the cloud software industry has heated up as of late. Startup Box is still pursuing its IPO and the private equity backers that took GoDaddy private are reportedly readying the storage company for an IPO of its own.
Stocks in this video: RAXMS
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