Rackspace Hosting (RAX) gapped open higher Tuesday morning, but has since traded in a range. The stock has broken out in the last 15 minutes on increased volume and is now up 1.29 at $54.29.
Rackspace Hosting is trading near the upper end of a one-month range at the highs of the year.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.