Rackspace (RAX) Stock Popping 17 percent

Shares of Rackspace Hosting, Inc. (RAX) are up by 16.87% to $31.66 in early trading on Tuesday morning, after the cloud computing firm announced plans to offer $350 million aggregate principal amount of senior notes due 2024. About 5.5 million shares of Rackspace Hosting were traded by 10.53 a.m. ET Tuesday, above the company’s average […] View the full post at: Rackspace (RAX) Stock Popping 17 percent Related posts: Over 60 Percent of Income Taxes are Paid by 5 Percent of Taxpayers Norfolk Southern 2Q Profit Tumbles 45 percent Insider Selling: Twitter (TWTR) CEO Unloads $5M Worth of Stock