How We WorkOrder NowSupport Privacy

Active Stocks Alert: Rackspace Hosting (RAX) and New Oriental Education & Technology Group Inc. (NYSE:EDU)

on 18/03/2013

Houston, TX –March 18, 2013 — (Net PR News) – offers its daily alerts and market content newsletter to investors looking for the best information available! provides its subscribers with useful, timely information and exclusive alerts on penny stocks, mid cap stocks and large cap stocks with the potential to deliver gains of 100%-200% or more. We have the top alerts in the industry. To receive our FREE, comprehensive newsletter, visit

Today’s Stocks in focus are: New Oriental Education & Technology Group Inc. (NYSE:EDU), Rackspace Hosting (NYSE:RAX)

New Oriental Education & Technology Group Inc. (NYSE:EDU) jumped up to the highest levels since July in New York as a purchase offer for Chinese tutoring company, Ambow Education Holding Ltd.,

Ambow surged an historic 53 percent March 15 following Baring Private Equity Asia Ltd. planned purchasing the Beijing-located provider’s stock at a premium.

How New Oriental Education & Technology Group stock reacted after the news? Find in this report

New Oriental, China’s largest private education provider, rallied 8.4 percent following equity research firm, 86Research Ltd., reported that the company is “very likely” a purchase candidate. The Bloomberg China-US Equity Index (CH55BN) slipped 3.4 percent the previous week, the most since Feb. 8.

How shares of Rackspace Hosting (RAX) took investors attention on Monday? Click here to find out

Stock of cloud computing company, Rackspace Hosting (NYSE:RAX), was rising following technology blog GigaOM reported late on Friday that IBM (IBM) had started probing a takeover of the firm.

As per reported by the report by author Barb Darrow, a previous IBM executive, articulating on the condition of anonymity, reported that IBM was focusing at Rackspace as of a month or so back, in addition to being very interested in purchasing the privately-possessed cloud firm SoftLayer.

Darrow further reported that EMC (EMC), which had also been apparently interested in SoftLayer, was not looking to purchase it, referring to sources closely related with the matter. In the mid-morning session, shares of Rackspace rallied $3.15, or 6.14%, to $54.43, while IBM declined 0.4%, to $214.04.


Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

Source: anotherwinningtrade Posted Mon, March 18, 2013 16:32 - Permalink