Fargo & Co/mn Wells, 10% Owner at RACKSPACE HOSTING, INC. (RAX), sold 300,000 shares at $27.91 ($8.4M) on 2010-11-10, disclosed to the SEC on 2010-11-15.
Open-market sale of $8.4M RAX by 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $27.91 | 223,056 | $6.2M | 73.9% |
| 2 | $28.53 | 76,944 | $2.2M | 26.1% |
| Total | $28.07 avg | 300,000 | $8.4M | 100% |
| Filing → |
| RAX | SELL | 2010-11-15 | $13.3M | — | Filing → |
| RAX | SELL | 2010-11-12 | $6.8M | — | Filing → |
| RAX | SELL | 2010-11-10 | $4.5M | — | Filing → |