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Rackspace Hosting Inc. (RAX) Is Rising On WSJ Report Of Blue Harbour Stake

The Wall Street Journal reported after the bell Monday that Blue Harbour Group has acquired a 6.5 percent stake in Rackspace Hosting Inc. (RAX: Quote). The stock is now up 0.88 on 42K shares.

Rackspace Hosting gapped up at the open Monday, but traded in a range for the bulk of the session. The stock closed up by 0.61 at $31.82 and set a 1-month high.

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by RTT Staff Writer

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