DJ Akamai Technologies Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Akamai Technologies Inc. $(AKAM)$ advanced 2.63% to $80.73 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.13% to 5,638.94 and the Dow Jones Industrial Average rising 1.65% to 41,488.19.
The stock's rise snapped a four-day losing streak.
Akamai Technologies Inc. closed 26.73% short of its 52-week high of $110.18, which the company reached on March 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Synopsys Inc. $(SNPS)$ rose 4.12% to $446.23, Cognizant Technology Solutions Corp. $(CTSH)$ rose 1.00% to $79.12, and Arista Networks Inc. $(ANET)$ rose 4.21% to $83.51.
Trading volume (2.4 M) remained 367,575 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2025.
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March 14, 2025 17:15 ET (21:15 GMT)
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