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RACKSPACE HOSTING INC (RAX) COO Mark Roenigk sells 4,250 Shares

Dec 16, 2011 | About:
insider
insider
COO of RACKSPACE HOSTING INC (RAX) Mark Roenigk sells 4,250 shares of RAX on 12/14/2011 at an average price of $42.95 a share.

Rackspace Hosting has a market cap of $5.56 billion; its shares were traded at around $43.4 with a P/E ratio of 90.2 and P/S ratio of 7.1.

CFO Recent Trades:


  • CFO Karl Pichler sold 230 shares of RAX stock on 08/12/2011 at the average price of 37.38. Karl Pichler owns at least 31,564 shares after this. The price of the stock has increased by 16.1% since.

This is the insider trade history vs. stock price of RAX. For the complete insider trading history of RAX, click here.




Directors and Officers Recent Trades:


  • Director S. James Bishkin sold 32,500 shares of RAX stock on 12/14/2011 at the average price of 39.63. S. James Bishkin owns at least 174,912 shares after this. The price of the stock has increased by 9.51% since.
  • Director Fred Reichheld sold 5,000 shares of RAX stock on 12/13/2011 at the average price of 43.7. Fred Reichheld owns at least 72,695 shares after this. The price of the stock has decreased by 0.69% since.
  • Director S. James Bishkin sold 10,000 shares of RAX stock on 12/09/2011 at the average price of 44. S. James Bishkin owns at least 136,812 shares after this. The price of the stock has decreased by 1.36% since.
  • Sr. V.P., GC, and Secretary Alan Schoenbaum sold 10,000 shares of RAX stock on 12/07/2011 at the average price of 42.76. Alan Schoenbaum owns at least 106,999 shares after this. The price of the stock has increased by 1.5% since.
  • President, Cloud Lew Moorman sold 77,000 shares of RAX stock on 12/05/2011 at the average price of 43.32. Lew Moorman owns at least 828,541 shares after this. The price of the stock has increased by 0.18% since.


For the complete insider trading history of RAX, click here.

Tickers in the article:

Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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