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home / news releases / RXT - Rackspace Technology gains on takeover speculation

RXT - Rackspace Technology gains on takeover speculation

Rackspace Technology Inc.
Rackspace Technology (RXT) rose 2.9% after a filing yesterday indicated the company adopted an executive change-in-control severance plan.Some investors have seen this in the past to be a sign of a potential takeover, though often times it's not the case.Dealreporter also speculated in its "morning flash" column after the filing and highlighted that Reuters said previously that Amazon (AMZN) had looked at them after Rackspace's IPO.Recall Feb. 19, Rackspace tops Q4 estimates but investors worry about operating leverage.

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Rackspace Technology gains on takeover speculation
Stock Information
Company Name: Rackspace Technology Inc.
Stock Symbol: RXT
Market: NASDAQ
Website: rackspace.com
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