Rackspace (RAX +2.6%) is outperforming, and takeover speculation could be a reason why....

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

Rackspace (RAX +2.6%) is outperforming, and takeover speculation could be a reason why. Rackspace, which currently trades at $54.38, is seeing heavy buying of April calls at strike prices of 60 and 65.