DJ Akamai Technologies Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Akamai Technologies Inc. $(AKAM)$ slid 1.45% to $95.56 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.07% to 5,906.94 and Dow Jones Industrial Average falling 0.97% to 42,573.73.
This was the stock's second consecutive day of losses.
Akamai Technologies Inc. closed $33.61 below 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 Monday, as Synopsys Inc. $(SNPS)$ fell 0.85% to $486.74, Cognizant Technology Solutions Corp. $(CTSH)$ fell 3.09% to $76.75, and Arista Networks Inc. $(ANET)$ fell 1.40% to $111.45.
Trading volume (1.1 M) remained 829,090 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2024.
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(END) Dow Jones Newswires
December 30, 2024 17:20 ET (22:20 GMT)
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