Scalper1 News
While Rackspace Hosting (RAX) reportedly is mulling going private, many investors continue to hope for a buyout, according to an analyst. Rackspace stock jumped 8% in midday trading Wednesday on a report early Wednesday from TechCrunch that Rackspace is considering going private after reviewing takeover bids from IBM (IBM) and Hewlett-Packard (HPQ). TechCrunch reported that the HP bid was for $43 a share. Rackspace is trading near 36.50 in the Scalper1 News
Scalper1 News