Where Will Rackspace Technology, Inc. (RXT) Stock Go Next After It Has Fallen 1.20% in a Week?

Rackspace Technology, Inc. (RXT) stock is down 1.20% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Rackspace Technology, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RXT!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RXT Stock Today?

Rackspace Technology, Inc. (RXT) stock is trading at $4.13 as of 11:06 AM on Monday, Oct 17, an increase of $0.33, or 8.55% from the previous closing price of $3.80. The stock has traded between $3.91 and $4.22 so far today. Volume today is low. So far 462,531 shares have traded compared to average volume of 2,603,044 shares. To screen for more stocks like Rackspace Technology, Inc. click here.

More About Rackspace Technology, Inc.

Rackspace Technology Inc is an end-to-end multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross-Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building custom solutions. Click Here to get the full Stock Report for Rackspace Technology, Inc. stock.