DJ Akamai Technologies Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Akamai Technologies Inc. $(AKAM)$ rose 1.20% to $77.65 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 43,461.21 and the S&P 500 Index falling 0.50% to 5,983.25.
The stock's rise snapped a two-day losing streak.
Akamai Technologies Inc. closed 31.50% short of its 52-week high of $113.36, which the company reached on March 8th.
The stock outperformed some of its competitors Monday, as Synopsys Inc. $(SNPS)$ fell 1.00% to $470.08, Cognizant Technology Solutions Corp. $(CTSH)$ fell 0.38% to $84.55, and Arista Networks Inc. $(ANET)$ fell 5.71% to $92.69.
Trading volume (7.0 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2025.
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(END) Dow Jones Newswires
February 24, 2025 17:20 ET (22:20 GMT)
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