DJ Akamai Technologies Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Akamai Technologies Inc. $(AKAM)$ slid 1.68% to $85.96 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.39% to 5,893.62 and the Dow Jones Industrial Average falling 0.13% to 43,389.60.
This was the stock's fifth consecutive day of losses.
Akamai Technologies Inc. closed $43.21 short of its 52-week high ($129.17), which the company achieved on February 9th.
The stock underperformed when compared to some of its competitors Monday, as Synopsys Inc. $(SNPS)$ rose 0.62% to $523.98, Cognizant Technology Solutions Corp. $(CTSH)$ fell 0.31% to $76.87, and Arista Networks Inc. $(ANET)$ fell 1.05% to $370.47.
Trading volume (2.4 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2024.
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(END) Dow Jones Newswires
November 18, 2024 17:16 ET (22:16 GMT)
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