Stock Highlights: Rackspace Hosting (NYSE:RAX), California Resources Corporation (NYSE:CRC), J C Penney Company Inc (NYSE:JCP), Shake Shack Inc. (NYSE:SHAK)

On Wednesday shares of Rackspace Hosting, Inc. (NYSE:RAX) closed at $43.75. Company’s sales growth for last 5 years was 23.30% and EPS growth for next 5 years is recorded as 25.58%. Rackspace Hosting, Inc. (NYSE:RAX) lowered revenue expectations for the coming quarter. Rackspace, which had closed the day at $53.13, said it expected revenue for its second quarter, which will end in June, to be between $487 million and $492 million. The market had expected $502 million, according to a survey of analysts by Thomson Reuters. Rackspace’s stock dropped to $46.23 late Monday evening.

California Resources Corporation (NYSE:CRC) in last trading activity decreased -4.00% to close at $7.91. Company weekly performance is -4.58% while its quarterly performance stands at 27.14%. California Resources Corporation (NYSE:CRC) is -19.82% away from its 52 week high. On May 08, California Resources Corporation (NYSE:CRC) announced that its executives will be participating in the following upcoming conferences: Citi Global Energy & Utilities Conference on May 12th in Boston, Morgan Stanley E&P and Oil Services Conference also on May 12th in Houston and the UBS Global Oil and Gas Conference on May 19th in Austin, Texas.

On Wednesday shares of J C Penney Company Inc (NYSE:JCP) closed at $8.71. Company’s sales growth for last 5 years was -6.90%. J. C. Penney Company, Inc. (NYSE:JCP) reported a net loss for the first quarter of $167 million or $0.55 per share, compared to a net loss of $352 million or $1.15 per share for the year-ago quarter.

Shake Shack Inc. (NYSE:SHAK) in last trading activity increased 4.16% to close at $68.36. Company weekly performance is -9.01% while its quarterly performance stands at 64.72%. Shake Shack Inc. (NYSE:SHAK) is -14.01% away from its 52 week high. Shake Shack Inc. (NYSE:SHAK) on Wednesday reported a loss of $12.7 million in its first quarter. The New York-based company said it had a loss of $1.06 per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.

Leave a Reply

Your email address will not be published. Required fields are marked *