DJ Akamai Technologies Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Akamai Technologies Inc. $(AKAM)$ rallied 1.96% to $79.58 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,956.06 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
This was the stock's third consecutive day of gains.
Akamai Technologies Inc. closed 29.80% short of its 52-week high of $113.36, which the company achieved on March 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Synopsys Inc. $(SNPS)$ rose 2.73% to $470.46, Cognizant Technology Solutions Corp. $(CTSH)$ fell 0.81% to $84.15, and Arista Networks Inc. $(ANET)$ rose 3.77% to $96.38.
Trading volume (3.7 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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February 26, 2025 17:19 ET (22:19 GMT)
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