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Post# of 648882
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Tuff-Stuff

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Tuff-Stuff

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Monday, 10/05/2015 12:35:51 PM

Monday, October 05, 2015 12:35:51 PM

Post# of 648882
->>Rackspace up 6.8% ahead of expected Amazon announcement

Rackspace (NYSE:RAX) is flying higher on a day the Nasdaq is up 1.1%. 1.92M shares have been traded thus far vs. a 3-month daily average of 2.545M.
Rackspace is widely expected to announce a partnership with bigger rival Amazon Web Services this week, at the latter's AWS re:Invent conference (runs from Tuesday-Friday). Much like Rackspace's July deal with Microsoft, the agreement is expected to cover Rackspace managed support and monitoring services for AWS deployments.
Shares closed on Friday just $0.62 above a 52-week low of $23.65. 10.7M shares (nearly 11% of the float) was shorted as of Sep. 15.

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