DJ Akamai Technologies Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Akamai Technologies Inc. $(AKAM)$ slipped 1.39% to $99.66 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.04% to 6,115.07 and the Dow Jones Industrial Average rising 0.77% to 44,711.43.
This was the stock's third consecutive day of losses.
Akamai Technologies Inc. closed 13.09% short of its 52-week high of $114.67, which the company reached on February 15th.
The stock underperformed when compared to some of its competitors Thursday, as Synopsys Inc. $(SNPS)$ rose 3.65% to $528.29, Cognizant Technology Solutions Corp. $(CTSH)$ rose 1.70% to $89.58, and Arista Networks Inc. $(ANET)$ rose 0.10% to $109.75.
Trading volume (2.0 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 13, 2025.
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(END) Dow Jones Newswires
February 13, 2025 17:13 ET (22:13 GMT)
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