Rackspace rallies following acquisition chatter

|About: Rackspace Hosting, Inc. (RAX)|By:, SA News Editor

Vague M&A chatter is providing a boost to Rackspace (RAX +4.2%) on a down day for tech stocks.

The Web hosting/cloud infrastructure provider is no stranger to M&A speculation. The recent retirement of long-time CEO Lanham Napier might be making investors more willing to believe Rackspace could be sold.

Over 11% of the float was shorted as of March 14.