DJ Akamai Technologies Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Akamai Technologies Inc. $(AKAM)$ inched 0.06% higher to $97.36 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.39% to 6,050.61 and Dow Jones Industrial Average falling 0.61% to 43,449.90.
The stock's rise snapped a three-day losing streak.
Akamai Technologies Inc. closed $31.81 below its 52-week high ($129.17), which the company achieved on February 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Synopsys Inc. $(SNPS)$ fell 1.96% to $511.87, Cognizant Technology Solutions Corp. $(CTSH)$ rose 0.41% to $81.03, and Arista Networks Inc. $(ANET)$ fell 3.07% to $112.95.
Trading volume (1.6 M) remained 315,052 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 17, 2024.
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(END) Dow Jones Newswires
December 17, 2024 17:15 ET (22:15 GMT)
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