Rackspace Hosting, Inc. (NYSE:RAX increased 7.12% after the news that the company as hired Morgan Stanley to evaluate a sale or other strategic options, after being approached by potential suitors. “In recent months, Rackspace has been approached by multiple parties who have expressed interest in a strategic relationship with Rackspace, ranging from partnership to acquisition,” the company said in a statement filed with the Securities and Exchange Commission. Rackspace Hosting, Inc. (NYSE:RAX) stock performance was 7.12% in last session and finished the day at $30.68. Traded volume was 12,841,800 shares in the last session and the average volume of the stock remained 3.04 million shares. The beta of the stock remained 1.23. Rackspace Hosting, Inc. (NYSE:RAX) insider ownership is 1.50%
Acxiom Corporation (NASDAQ:ACXM) fell -21.00% after the company announced a big acquisition and issued a disappointing financial forecast. Acxiom said Wednesday it had agreed to acquire ad-tech startup LiveRamp for $310 million in cash, part of a push by the company to tie online behavior to real world data, such as a retailer’s customer-purchase records. Acxiom Corporation (NASDAQ:ACXM) dropped -21.00% to $21.44 yesterday on volume of 3,998,400 shares. The intra-day range of the stock was $20.41 – 26.50. Acxiom Corporation (NASDAQ:ACXM) has a market capitalization of $1.62 billion.
Ubic Inc (ADR) (NASDAQ:UBIC), a leading provider of Asian-language eDiscovery solutions and services, on May 14, 2014 announced its unaudited financial results for the fourth quarter (“fourth quarter 2014”) and fiscal year ended March 31, 2014. All figures are prepared in accordance with the generally accepted accounting principles of Japan (“Japanese GAAP”). Ubic Inc (ADR) (NASDAQ:UBIC)’s stock on May 15, 2014 reported a increase 2.90% % to the closing price of $8.53. Its fifty two weeks range is $4.23 – 12.66. The total market capitalization recorded $15.67 million. The overall volume in the last trading session was 10,700 shares. In its share capital, Ubic Inc (ADR) (NASDAQ:UBIC) has 172.05 million outstanding shares.
Xerox Corp (NYSE:XRX), On May 6, 2014announced a definitive agreement for acquiring ISG Holdings, Inc. (ISG) for $225 million, creating a comprehensive workers’ compensation suite of offerings for clients in the property and casualty insurance industry. With this acquisition, the Company’s services expands to property and casualty insurance carriers, third-party administrators, managed care services providers, governments and self-administered employers who require comprehensive reviews of medical bills and implementation of care management plans stemming from workers’ compensation claims. On Thursday, shares of Xerox Corp (NYSE:XRX) dropped -1.00% to close the day at $11.86. Company return on investment (ROI) is 5.90% and its monthly performance is recorded as 4.86%. Xerox Corp (NYSE:XRX) quarterly revenue growth is 10.53%.