DJ Akamai Technologies Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Akamai Technologies Inc. $(AKAM)$ inched 0.69% higher to $87.96 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,917.11 and the Dow Jones Industrial Average rising 0.32% to 43,408.47.
This was the stock's second consecutive day of gains.
Akamai Technologies Inc. closed $41.21 below its 52-week high ($129.17), which the company reached on February 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Synopsys Inc. $(SNPS)$ rose 1.41% to $541.56, Cognizant Technology Solutions Corp. $(CTSH)$ rose 1.64% to $77.57, and Arista Networks Inc. $(ANET)$ rose 1.06% to $381.71.
Trading volume (1.5 M) remained 200,806 below its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 20, 2024.
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(END) Dow Jones Newswires
November 20, 2024 17:16 ET (22:16 GMT)
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