DJ Akamai Technologies Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Akamai Technologies Inc. $(AKAM)$ advanced 1.39% to $95.89 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.09% to 5,930.85 and the Dow Jones Industrial Average rising 1.18% to 42,840.26.
This was the stock's second consecutive day of gains.
Akamai Technologies Inc. closed $33.28 short of its 52-week high ($129.17), which the company reached on February 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Synopsys Inc. $(SNPS)$ fell 0.24% to $492.18, Cognizant Technology Solutions Corp. $(CTSH)$ fell 0.33% to $79.23, and Arista Networks Inc. $(ANET)$ rose 3.43% to $112.81.
Trading volume (3.0 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 20, 2024.
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(END) Dow Jones Newswires
December 20, 2024 17:20 ET (22:20 GMT)
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