Last week, many of the leading cloud computing stocks sold off sharply lower. Today, many of the leading cloud computing stocks are once again coming under selling pressure. Salesforce.com Inc (NYSE:CRM) is considered to be one of the leading stocks in cloud computing industry group. Today, CRM stock is declining lower by $2.03 to $133.72 a share.
This morning, all of the leading cloud computing stocks are catching a bid higher. Yesterday, the cloud computing stocks were sold off with the major stock market indexes. One of the leading cloud computing stocks that are trading higher today is Rackspace Hosting Inc (NYSE:RAX). This stock is trading higher by 0.41 cents to $51.73 a share.
All of the cloud computing stocks are trading higher again this morning. Earlier today, Oracle Corp (NASDAQ:ORCL) purchased Taleo Corp (NASDAQ:TLEO) for $1.9 billion. This deal is certainly helping many of the leading cloud computing stocks to trade higher today.
The Board of Directors of Crown Equity Holdings Incorporated (CRWE.OB) has adopted a resolution to a dividend consisting of one common share of its subsidiary Crown Tele Services Inc. for every 100 shares of Crown Equity Holdings' common shares.
The dividend will be provided to all shareholders of record on January 15, 2012.
Since October 4, 2011 the major stock market indexes have soared sharply higher. This October rally has been one for the record books. Obviously, short covering from the European bailout news has helped this stock market trade higher over the past four weeks. The leading technology stocks have benefited greatly from this stock market surge.
Rackspace Hosting, Inc (NYSE:RAX) will announce its third quarter 2011 financial results on Monday, November 7, 2011, after the close of the financial markets.
Rackspace Hosting is the service leader in cloud computing, and a founder of OpenStack, an open source cloud operating system.