DJ Akamai Technologies Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Akamai Technologies Inc. $(AKAM)$ slipped 1.38% to $76.42 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.61% to 5,844.61 and Dow Jones Industrial Average falling 1.91% to 41,860.44.
This was the stock's third consecutive day of losses.
Akamai Technologies Inc. closed 28.45% below its 52-week high of $106.80, which the company reached on October 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Synopsys Inc. $(SNPS)$ fell 2.74% to $501.46, Cognizant Technology Solutions Corp. $(CTSH)$ fell 1.23% to $79.99, and Arista Networks Inc. $(ANET)$ fell 3.39% to $92.43.
Trading volume (1.7 M) remained 842,757 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 21, 2025.
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May 21, 2025 17:18 ET (21:18 GMT)
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