DJ Akamai Technologies Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Akamai Technologies Inc. $(AKAM)$ dropped 0.04% to $100.89 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.23% to 37,903.29 and the S&P 500 Index falling 0.34% to 5,018.39.
This was the stock's second consecutive day of losses.
Akamai Technologies Inc. closed $28.28 short of its 52-week high ($129.17), which the company achieved on February 9th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Synopsys Inc. $(SNPS)$ fell 1.59% to $522.18, Cognizant Technology Solutions Corp. $(CTSH)$ fell 0.47% to $65.37, and Arista Networks Inc. $(ANET)$ fell 0.53% to $255.21.
Trading volume (766,026) remained 764,241 below its 50-day average volume of 1.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 1, 2024.
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(END) Dow Jones Newswires
May 01, 2024 17:16 ET (21:16 GMT)
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