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Rackspace Technology Shares Rise 14% Amid Texas Cloud Cooperative Services Contract

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By Colin Kellaher

Rackspace Technology shares moved higher Tuesday after the technology solutions provider said it won a cloud cooperative services contract with its home state of Texas.

Shares of the San Antonio company, which hit an all-time low of $1.05 earlier this month, were up 14% to $1.56.

Rackspace…

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