Why Rackspace Stock Is Rocking This Morning

Cloud services provider Rackspace Technology (NASDAQ: RXT) returned to the public markets earlier this month, but it hasn't been a popular stock in the weeks since, trading well below its $21 IPO price.

Today, that began to change, as a whole slew of investment bankers who helped to bring the stock public saw their "quiet periods" expire, and began talking up the stock this morning. Shares of Rackspace are responding to all the happy talk, rising 8.8% through 10:15 a.m. EDT.

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Source Fool.com