San Antonio, Tex.-based multi-cloud technology services company Rackspace Technology Inc. (RXT) operates through Multicloud Services and Apps & Cross-Platform. The company accelerates clients' adoption of cloud computing by providing end-to-end services that include advising, design, migration, administration, and optimization across apps, data, and security.
RXT's shares have slumped 23.7% in price over the past three months, closing yesterday's trading session at $10.26. In addition, the stock is currently trading 61.1% below its 52-week high of $26.43, which it hit on April 09, 2021.
