Tag: Popped

Why Rackspace Technology Stock Popped Today

What happened

Shares of Rackspace Technology (NASDAQ:RXT) have popped today, up by 12% as of 12:30 p.m. EST, after the Oppenheimer initiated coverage on the stock with an outperform rating alongside a price target of $28, which represents over 40% upside from yesterday’s close. The company separately said that it was refinancing some debt.

So what

Analyst Timothy Horan is bullish on Rackspace as a pure-play way to invest in enterprise public cloud adoption. The technology specialist offers a multicloud service that supports all three of the major public cloud infrastructure providers. Companies need to shift to cloud-native operations or

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Why dMY Technology II Stock Popped Today

What happened

Shares of dMY Technology II (NYSE:DMYD) popped today, up by 14% as of 12 p.m. EST, after getting a bullish initiation from Wall Street. Craig-Hallum kicked off coverage of the company with a buy rating, alongside a price target of $25.

So what

dMY II is a special purpose acquisition company (SPAC) that announced in October that it would merge with Genius Sports Group to take the latter company public. Genius Sports specializes in providing data and technology to the sports industry, which helps facilitate the booming market for sports betting.

Person betting on sports on multiple devices

Image source: Getty Images.

Craig-Hallum analyst Ryan

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Why dMY Technology Group Stock Popped 23.1% on Wednesday

What happened 

Shares of dMY Technology Group (NYSE:DMYD) jumped as much as 23.1% in trading Wednesday after the company announced a key partnership. Shares were still up 14.1% at 3:30 p.m. EDT. 

So what

Genius Sports Group, which dMY Technologies is merging with, announced that it has formed an exclusive long-term partnership with Beach Soccer Worldwide. The deal will allow Genius Sports Group to “drive the development of its sport, commercializing over 500 games per year with the regulated betting industry.” 

Two people betting on live sports on a mobile device.

Image source: Getty Images.

This is an expansion of deals Genius Sports Group already has to distribute data and

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