- 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.
at Zacks.com (Nov 14, 2014)