Why Are Rackspace Technology Shares Surging Friday?

Benzinga02-21

Rackspace Technology, Inc. (NASDAQ:RXT) is pushing higher on Friday. Nasdaq index is up 0.93% while S&P 500 is up 0.53%. On Wednesday’s the company announced of a strategic partnership with data-giant...

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Nasdaq index is up 0.93% while S&P 500 is up 0.53%.\nOn Wednesday’s the company announced of a strategic partnership with data-giant...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/02/50755795/why-are-rackspace-technology-shares-surging-friday\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are Rackspace Technology Shares Surging Friday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are Rackspace Technology Shares Surging Friday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-21 01:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/02/50755795/why-are-rackspace-technology-shares-surging-friday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rackspace Technology, Inc. (NASDAQ:RXT) is pushing higher on Friday. Nasdaq index is up 0.93% while S&P 500 is up 0.53%.\nOn Wednesday’s the company announced of a strategic partnership with data-giant...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/02/50755795/why-are-rackspace-technology-shares-surging-friday\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4543","symbol_name":"AI","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/02/50755795/why-are-rackspace-technology-shares-surging-friday","article_id":"2613329670","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/20/Konskie--Poland---July-18--2022-Rackspac.jpeg?optimize=medium&dpr=2&auto=webp&width=630"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/trading-ideas/movers/26/02/50755795/why-are-rackspace-technology-shares-surging-friday","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2613329670","pubTimestamp":1771607160,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Rackspace Technology, Inc.  is pushing higher on Friday. Nasdaq index is up 0.93% while S&P 500 is up 0.53%.On Wednesday’s the company announced of a strategic partnership with data-giant Palantir Technologies, Inc. , designed to accelerate deployment of Palantir’s Foundry and Artificial Intelligence Platform .Under the deal, Rackspace will host Palantir’s software within its Private Cloud and UK Sovereign data centers, targeting highly regulated industries wary of the public cloud.The company currently has 30 Palantir-trained engineers and has pledged to scale that to 250 within 12 months.RXT is trading 112.1% above its 20-day SMA and 21.7% above its 100-day SMA, showing a sharp short-term extension on top of improving intermediate trend. Shares are down 57.47% over the past 12 months and sit closer to their 52-week low of 39 cents than the 52-week high of $3.03, even after the recent rebound.The countdown is on: Rackspace Technology is set to report earnings on Feb. 26.RXT Price Acti","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4543":"AI","PLTW":"PLTR周配息ETF-Roundhill","BK4116":"互联网服务与基础架构","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","PLTY":"PLTR期权收益策略ETF-YieldMax","BK4585":"ETF&股票定投概念","PLTZ":"2倍做空PLTR ETF-Defiance","RXT":"Rackspace Technology","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","PLOO":"2倍上限加速PLTR ETF-Leverage Shares","PLT":"Defiance Leveraged Long Plus Income PLTR ETF","BK4613":"AI应用软件","BK4547":"WSB热门概念","PLTA":"ProShares Ultra PLTR ETF","PLYY":"GraniteShares YieldBOOST PLTR ETF","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","PLTD":"1倍做空PLTR ETF-Direxion","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","PLTG":"2倍做多PLTR ETF-Leverage Shares","PLTI":"REX PLTR Growth & Income ETF","BK4608":"AI应用概念股","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","PTIR":"2倍做多PLTR ETF-GraniteShares","BK4023":"应用软件","BK4097":"系统软件","PLTU":"2倍做多PLTR ETF-Direxion"},"translate_title":"为什么Rackspace Technology股价周五飙升？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTD":0.6,"PLOO":0.6,"RXT":1.98,"PLT":0.6,"PLTG":0.6,"PLTY":0.6,"PLTI":0.6,"PLTW":0.6,"PLTA":0.6,"PLTZ":0.6,"PTIR":0.6,"PLYY":0.6,"PLTU":0.6},"content_text":"Rackspace Technology, Inc. (NASDAQ:RXT) is pushing higher on Friday. Nasdaq index is up 0.93% while S&P 500 is up 0.53%.\nOn Wednesday’s the company announced of a strategic partnership with data-giant Palantir Technologies, Inc. (NASDAQ:PLTR), designed to accelerate deployment of Palantir’s Foundry and Artificial Intelligence Platform (AIP). \nUnder the deal, Rackspace will host Palantir’s software within its Private Cloud and UK Sovereign data centers, targeting highly regulated industries wary of the public cloud. \nThe company currently has 30 Palantir-trained engineers and has pledged to scale that to 250 within 12 months.\nRXT is trading 112.1% above its 20-day SMA and 21.7% above its 100-day SMA, showing a sharp short-term extension on top of improving intermediate trend. Shares are down 57.47% over the past 12 months and sit closer to their 52-week low of 39 cents than the 52-week high of $3.03, even after the recent rebound.\nThe RSI stands at 70.05, indicating that the stock is in the overbought territory, which could suggest a potential pullback or consolidation in the near term. Meanwhile, the MACD presents a bullish signal, with the MACD line at -0.0089 above the signal line at -0.1002\nThe countdown is on: Rackspace Technology is set to report earnings on Feb. 26.\nRXT Price Action: Rackspace Technology shares were up 42.00% at $1.73 at the time of publication on Friday, according to Benzinga Pro data.\nPhoto via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2613329670","isCrawlerRequest":true}