Mark Roenigk, Chief Operating Officer at RACKSPACE HOSTING, INC. (RAX), sold 14,744 shares at $30.11 ($444K) on 2016-08-05, disclosed to the SEC on 2016-08-09.
Seasonal sale ($444k) by Chief Operating Officer — this insider has traded RAX in August in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $30.11 | 5,000 | $151K | 33.9% |
| 2 | $30.11 | 9,744 | $293K | 66.1% |
| Total | $30.11 avg | 14,744 | $444K | 100% |
| Filing → |
| RAX | SELL | 2015-08-19 | $101K | — | Filing → |
| RAX | SELL | 2015-08-17 | $8K | — | Filing → |
| RAX | SELL | 2015-08-12 | $19K | — | Filing → |