DJ Akamai Technologies Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Akamai Technologies Inc. $(AKAM)$ rallied 1.07% to $101.48 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.53% to 6,071.17 and the Dow Jones Industrial Average rising 0.38% to 44,882.13.
Akamai Technologies Inc. closed 21.44% below its 52-week high of $129.17, which the company reached on February 9th.
The stock underperformed when compared to some of its competitors Thursday, as Synopsys Inc. $(SNPS)$ rose 2.66% to $526.36, Cognizant Technology Solutions Corp. $(CTSH)$ rose 1.93% to $82.76, and Arista Networks Inc. $(ANET)$ rose 5.58% to $113.86.
Trading volume (1.8 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 30, 2025.
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(END) Dow Jones Newswires
January 30, 2025 17:14 ET (22:14 GMT)
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