Rackspace (RAX) Stock Up on Possible Takeover

Shares of Rackspace Hosting Inc. (RAX) were up +2.76 or +7.41 percent to $40.00 per share in Monday’s premarket trading after news of a possible takeover of the company by telecommunications company CenturyLink (CTL). Rackspace Hosting stock closed at $37.24 per share, up +0.03 or +0.08 percent in Friday’s regular trading session. San Antonio, Texas Read the full article... Read the rest of Rackspace (RAX) Stock Up on Possible Takeover at InvestorGuide.com .