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Red Hat Getting Killed (RHT)

Red Hat Getting Killed RHT

There's blood on the streets today, and its even redder than usual, as shares of Red Hat, Inc. (NYSE: RHT) are down nearly 9% today.

Red Hat, which operates in the cloud computing space, is taking a beating today, along with other cloud computing plays like VMware (NYSE: VMW), Citrix (NASDAQ: CTXS) and Rackspace (NYSE: RAX).

There is a great piece out from The Reformed Broker about the massacre being seen today in the cloud computing space.


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Posted-In: Movers