DJ Akamai Technologies Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Akamai Technologies Inc. $(AKAM)$ slid 6.46% to $73.69 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 5.97% to 5,074.08 and Dow Jones Industrial Average falling 5.50% to 38,314.86.
This was the stock's second consecutive day of losses.
Akamai Technologies Inc. closed 31.51% below its 52-week high of $107.60, which the company achieved on April 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Synopsys Inc. $(SNPS)$ fell 7.09% to $388.13, Cognizant Technology Solutions Corp. $(CTSH)$ fell 6.18% to $68.74, and Arista Networks Inc. $(ANET)$ fell 9.68% to $64.37.
Trading volume (2.6 M) remained 207,394 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 4, 2025.
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(END) Dow Jones Newswires
April 04, 2025 17:13 ET (21:13 GMT)
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