DJ Akamai Technologies Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Akamai Technologies Inc. $(AKAM)$ advanced 1.26% to $100.02 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.82% to 6,084.19 and the Dow Jones Industrial Average falling 0.22% to 44,148.56.
Akamai Technologies Inc. closed $29.15 below its 52-week high ($129.17), which the company achieved on February 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Synopsys Inc. $(SNPS)$ rose 1.33% to $512.06, Cognizant Technology Solutions Corp. $(CTSH)$ rose 1.49% to $81.25, and Arista Networks Inc. $(ANET)$ rose 2.34% to $107.23.
Trading volume (1.4 M) remained 464,120 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 11, 2024.
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(END) Dow Jones Newswires
December 11, 2024 17:14 ET (22:14 GMT)
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