Rackspace Technology Inc (RXT) Stock Split History

Rackspace Technology Inc has split its stock once since its initial public offering (IPO). The stock split of Rackspace Technology Inc occurred on July 20, 2020 on a 1-for-12 basis, meaning that for 12 shares of RXT owned pre-split, shareholders then owned 1 share.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Rackspace Technology Inc's total market capitalization.

RXT stock split list

Date	Split Ratio
2020-07-20	1 - for - 12

Will Rackspace Technology Inc Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Rackspace Technology Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when RXT stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Rackspace Technology Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol	Latest Split Date	Split Ratio
MSFT	2003-02-18	2 - for - 1
ORCL	2000-10-13	2 - for - 1
ADBE	2005-05-24	2 - for - 1
PANW	2022-09-14	3 - for - 1
SNPS	2003-09-24	2 - for - 1
FTNT	2022-06-23	5 - for - 1
VRSN	1999-12-07	2 - for - 1
CHKP	2001-02-13	3 - for - 2