Rackspace’s AI Rally Turns Into a Test of Debt, Deals and Short-Squeeze Momentum
Rackspace Technology didn’t just tack on more gains to last week’s surge—it blew right past it, triggering a sharp repricing in the process. Shares settled at $6.33, a jump of 34.97%, just shy of the $6.34 intraday high, before edging lower to $6.20 after hours. The one-day chart reads like a squeeze: opened at $4.79, powered through previous resistance, and saw 61.02 million shares change hands—triple the 19.70 million average.
