Traders Recap: Micron Technology, Inc. (MU), Rackspace Hosting, Inc. (RAX)


Micron Technology, Inc. (NASDAQ:MU):

The company’s RSI reading has hit 56.49. The stock edged higher by 3.50% to close previous trading session at USD 11.53.

The shares of the company fluctuated in the range of USD 9.31 and USD 29.78 in the course of 52 weeks. Over the three months, the company’s shares have declined by -19.48% and in the past one year, it has lost -59.80%. Additionally, the stock’s year to date performance has declined -18.57%. Over the last five days its shares have surged by 3.41% and in the past six months it has moved down -25.61%.

Further, the company is trading at a price to earnings ratio of 6.36 and the stock is at a price to book ratio of 0.97. The stock’s weekly volatility is calculated as 3.93% and monthly volatility as 4.72% with ATR of 0.52, beta of 2.14 and price to cash ratio of 3.29.

Micron Technology, Inc. (MU) provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company offers DDR4 and DDR3 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for mobile phones, tablets, embedded, computers, and other mobile consumer device applications; DDR2 DRAM, DDR DRAM, GDDR5 DRAM, SDRAM, reduced latency DRAM, and pseudo-static DRAM products for use in networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and HMC semiconductor memory devices for use in networking and computing applications. It also provides NAND Flash products, which are electrically re-writeable, non-volatile semiconductor memory devices; client solid-state drives (SSDs) for notebooks, desktops, workstations, and other consumer applications; enterprise SSDs for server and storage applications; managed multi-chip package products; digital media products, including flash memory cards and JumpDrive products under the Lexar brand name.

Rackspace Hosting, Inc. (NYSE:RAX):

The stock increased by 3.36% to close last trading session at USD 20.89. The company’s shares oscillated in the range of USD 20.04 and USD 20.97 during intraday trade.

A total of 1.71 million shares exchanged hands, below its 3 month average volume of 2.96 million shares. Over the last five days its shares have surged by 0.87% and in the past six months it has moved down -30.06%.

Furthermore, the stock has weekly volatility of 4.47% and monthly volatility of 5.89% with ATR of 1.27. The stock’s RSI is 52.43 and distance from 50-day simple moving average is 4.00%, whereas its distance from 20-day simple moving average is -0.43% and distance from 200-day simple moving average is -24.95%.

Rackspace Hosting, Inc. (RAX) on March 10, 2016 announced the next generation of OnMetal™ Cloud Servers powered by OpenStack® — bare metal, single-tenant servers that are API-provisioned in two minutes, providing near-instant scalability and elasticity. This latest version of OnMetal Cloud Servers delivers innovative connectivity between public cloud and dedicated hardware and enables unprecedented hybrid cloud performance. Both Microsoft® and Linux workloads can now benefit from these next generation capabilities by capitalizing on the flexibility of public cloud with the performance and security of bare metal servers.