DJ Akamai Technologies Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Akamai Technologies Inc. $(AKAM)$ slid 4.16% to $80.65 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.76% to 5,572.07 and Dow Jones Industrial Average falling 1.14% to 41,433.48.
This was the stock's second consecutive day of losses.
Akamai Technologies Inc. closed 27.20% short of its 52-week high of $110.79, which the company achieved on March 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Synopsys Inc. $(SNPS)$ rose 0.19% to $430.68, Cognizant Technology Solutions Corp. $(CTSH)$ fell 1.82% to $82.47, and Arista Networks Inc. $(ANET)$ rose 2.02% to $79.13.
Trading volume (4.4 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 11, 2025.
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March 11, 2025 17:17 ET (21:17 GMT)
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