$RXT

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Every FINWIRES story that references RXT, newest first.

Rackspace Technology Insider Sold Shares Worth $1,600,917, According to a Recent SEC Filing

Gajakarnan Vibushanan Kandiah, Director, Chief Executive Officer, on September 04, 2026, sold 498,728 shares in Rackspace Technology (RXT) for $1,600,917. Following the Form 4 filing with the SEC, Kandiah has control over a total of 3,684,955 common shares of the company, with 3,684,955 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1810019/000168471326000003/xslF345X05/wk-form4_1788573316.xml

$RXT

Wire59d ago

Rackspace Technology's Enterprise AI Buildout Could Generate Up to $600 Million in Annual Revenue, RBC Says

Rackspace Technology (RXT) may generate $450 million to $600 million in annual enterprise AI revenue at full deployment by 2028, driven by expanded GPU infrastructure under its partnership with Advanced Micro Devices (AMD), with adjusted earnings before interest, taxes, depreciation and amortization margins topping 50%, RBC Capital Markets said in a Thursday research note.According to the report, Rackspace's planned $250 million at-the-market offering and asset-backed financing are expected to fund its AI expansion, while its lower fiscal 2026 guidance reflects a shift toward higher-margin enterprise AI deployments rather than weaker demand.RBC lowered its 2026 estimates to reflect the updated outlook, the planned exit from certain businesses, and expected contributions from the GPU deployment.The brokerage said Rackspace's expanded partnership with Palantir Technologies (PLTR) enhances its ability to deliver AI infrastructure and managed services to regulated sectors, including healthcare, financial services and energy.RBC maintained its sector perform rating and $4 price target on the stock.Rackspace Technology shares were up 9.7% in Friday trading.Price: $4.76, Change: $+0.39, Percent Change: +8.95%

$AMD$PLTR$RXT

Wire60d ago

Top Midday Decliners

Aimei Health Technology (AFJK) terminated its merger deal with United Hydrogen Group, effective immediately, as the companies failed to complete the transaction within the agreed timeframe, according to a statement Wednesday.Shares of Aimei sank 49% as intraday trading volume jumped to over 165,000 from a daily average of about 10,000.AstraZeneca (AZN) and its partner Ionis Pharmaceuticals (IONS) said Thursday that a phase 3 trial for eplontersen in people with transthyretin-mediated amyloid cardiomyopathy failed to meet the primary efficacy endpoint.Shares of Ionis sank 24% as intraday trading volume soared to about 14.5 million from a daily average of roughly 1.89 million.Rackspace Technology (RXT) said Thursday that it expects a wider Q2 adjusted loss from a year earlier and also lowered its full-year 2026 outlook.Shares plunged 29% as intraday trading volume surged to over 40.0 million from the stock's daily average of about 24.1 million.Price: $13.45, Change: $-13.24, Percent Change: -49.61%

$AFJK$AZN$IONS$RXT

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