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 0.89% higher to $93.36 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
The stock's rise snapped a four-day losing streak.
Akamai Technologies Inc. closed $35.81 short of 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 Wednesday, as Synopsys Inc. $(SNPS)$ rose 2.95% to $502.00, Cognizant Technology Solutions Corp. $(CTSH)$ rose 0.53% to $76.02, and Arista Networks Inc. $(ANET)$ rose 0.19% to $115.51.
Trading volume (1.8 M) remained 126,383 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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(END) Dow Jones Newswires
January 08, 2025 17:21 ET (22:21 GMT)
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