DJ Akamai Technologies Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Akamai Technologies Inc. $(AKAM)$ slid 1.95% to $97.30 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,074.08 and the Dow Jones Industrial Average falling 0.25% to 43,717.48.
This was the stock's third consecutive day of losses.
Akamai Technologies Inc. closed $31.87 below its 52-week high ($129.17), which the company reached on February 9th.
The stock underperformed when compared to some of its competitors Monday, as Synopsys Inc. $(SNPS)$ rose 2.72% to $522.11, Cognizant Technology Solutions Corp. $(CTSH)$ rose 0.80% to $80.70, and Arista Networks Inc. $(ANET)$ rose 3.70% to $116.53.
Trading volume (1.5 M) remained 323,902 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2024.
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(END) Dow Jones Newswires
December 16, 2024 17:14 ET (22:14 GMT)
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