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Apple, Rackspace, Zynga: Tech Winners & Losers

Tickers in this article: RAX ZNGA AAPL

NEW YORK (TheStreet) -- Rackspace(RAX) continued to add to gains after the company announced it acquired Mailgun, a cloud-based start-up that enhances email services.

Terms of the deal, which is expected to close this week, were not disclosed. "Mail is a core component of nearly every website and application today. Our customers are asking for this and Mailgun is the right company to help us deliver it in a tightly integrated way," said Pat Matthews, Rackspace's senior vice president of corporate development, in the company press release.

Shares of Rackspace rose 1.15% to $59.73 in Tuesday trade. The company's stock is up 38.87% year-to-date.


Apple(AAPL) shares fell slightly as traders digested some of the recent gains, following the company's win against Samsung in a patent case.

How the Apple Win Changes Technology Forever

Shares of Apple, which have gained 66.69% since the start of 2012, fell slightly Tuesday, off 0.08% to $675.17.


Zynga(ZNGA) shares continued to decline, as the company is being sued in a class-action lawsuit.

On Monday, law firm Morgan & Morgan sent out a reminder to plaintiffs in the suit, which alleges that Zynga violated federal securities laws, overstating growth, which caused a sharp drop in the share price after second-quarter earnings.

Shares of Zynga slipped 1.31% to $3.02 in mid-Tuesday trade.

Interested in more on Zynga? See TheStreet Ratings' report card for this stock.

--Written by Chris Ciaccia in New York

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