DJ Akamai Technologies Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Akamai Technologies Inc. $(AKAM)$ rose 1.46% to $82.18 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.22% to 5,778.15 and Dow Jones Industrial Average falling 1.55% to 42,520.99.
This was the stock's third consecutive day of gains.
Akamai Technologies Inc. closed 27.51% short of its 52-week high of $113.36, which the company reached on March 8th.
The stock outperformed some of its competitors Tuesday, as Synopsys Inc. $(SNPS)$ rose 0.50% to $445.47, Cognizant Technology Solutions Corp. $(CTSH)$ rose 0.28% to $83.74, and Arista Networks Inc. $(ANET)$ fell 0.57% to $85.52.
Trading volume (3.1 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 4, 2025.
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(END) Dow Jones Newswires
March 04, 2025 17:16 ET (22:16 GMT)
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