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Rackspace Tech (NASDAQ:RXT) Stock, Insider Trading Activity
Rackspace Tech: Insider buying and selling updated today.
What is Insider Activity?
Insider trading activity involves company insiders, such as executives, directors, and employees, engaging in transactions of their own company's stock. Insiders' buy and sell transactions provide valuable insights into their confidence in the company's future performance.
What are Rackspace Technology Inc Insiders Doing?
At Rackspace Technology Inc, recent insider activity has drawn attention. Over the last 30 days, insiders have reported selling a total of 222.02K shares worth $577.98K, meanwhile, insiders have reported buying a total of 19.45K shares for a total value of $50.58K.
Notable Recent Insider Buys and Sales
- On December 9, 2024, Anthony Roberts, the company's DIRECTOR purchased 19.45K shares for $2.6 each.
- On December 5, 2024, KELLIE TEALGUESS, the company's CHIEF HUMAN RESOURCES OFFICER sold 6.99K shares for $2.54 each.
- On December 5, 2024, Srini Koushik, the company's PRESIDENT, TECHNOLOGY sold 8.03K shares for $2.54 each.
Ownership Statistics for Rackspace Technology Inc
Shares Outstanding
227.569M
Insider Shares Owned
21.012M
Insider Percentage Owned
9.23%
Institutional Shares Held
23.856M
Institutional Percentage Held
10.5%
Data brought to you by Benzinga APIs
FAQ
Is insider trading legal?
Insider trading is legal so long as the insiders report those trades to the SEC. Illegal securities trading occurs when the insider is violating a fiduciary duty or fails to report their trades.
What are some examples of market manipulation?
Insider trading, pump and dump schemes, front running and wash trades are all examples of market manipulation. Investors who track insider asset movement should think carefully about why these insiders are trading their stocks before moving forward.
Browse insider trades on all stocks.