This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Akamai Technologies Inc. cratered 21.7% to $76.73 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.7% to 6,013.13 and Dow Jones Industrial Average falling 1.7% to 43,428.02.
This was the stock's second consecutive day of losses.
Akamai Technologies Inc. closed 32.3% short of its 52-week high of $113.36, which the company reached on March 8th.
The stock underperformed when compared to some of its competitors, as Synopsys Inc. fell 3.9% to $474.84, Cognizant Technology Solutions Corp. fell 3.1% to $84.87, and Arista Networks Inc. fell 4.93% to $98.30.
Trading volume totaled 20.7 million, compared to the 50-day average of 1.6 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
February 21, 2025 16:33 ET (21:33 GMT)
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