DJ Akamai Technologies Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Akamai Technologies Inc. $(AKAM)$ inched 0.17% higher to $94.02 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.56% to 6,032.38 and the Dow Jones Industrial Average rising 0.42% to 44,910.65.
This was the stock's second consecutive day of gains.
Akamai Technologies Inc. closed $35.15 short of its 52-week high ($129.17), which the company achieved on February 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Synopsys Inc. $(SNPS)$ rose 1.96% to $558.49, Cognizant Technology Solutions Corp. $(CTSH)$ fell 0.32% to $80.49, and Arista Networks Inc. $(ANET)$ rose 0.88% to $405.82.
Trading volume (830,767) remained 991,042 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2024.
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(END) Dow Jones Newswires
November 29, 2024 17:15 ET (22:15 GMT)
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