Rackspace Hosting Jumps To New Highs (RAX)

Shares of Rackspace Hosting

are higher on the session by 5.38%, currently trading at $36.03. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. RAX hit a fresh 52-week high of $36.53 earlier in the session. Options trading is largely mixed, with 3,000 calls and 3,000 puts traded so far. The February $36.00 put is seeing the heaviest action today. Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. The company offers its products under the Fanatical Support brand. The company's services are sold to businesses in more than 120 countries. During the year ended December 31, 2009, the company served more than 90,000 business customers and managed more than 56,000 servers, 1,600,000 e-mail accounts, and 259,000 cloud hosting domains.