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Why Rackspace Technology Stock Sank 18.9% Last Month

TheMotleyFool

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Why Rackspace Technology Stock Sank 18.9% Last MonthPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of Rackspace Technology (NASDAQ: RXT) dipped 18.9% in May, according to data from S&P Global Market Intelligence. The cloud-computing stock fell after the company published its first-quarter results.