DJ Akamai Technologies Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Akamai Technologies Inc. $(AKAM)$ rallied 1.91% to $99.87 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.72% to 6,037.88 and the Dow Jones Industrial Average rising 0.30% to 44,556.04.
The stock's rise snapped a two-day losing streak.
Akamai Technologies Inc. closed 22.68% short of its 52-week high of $129.17, which the company achieved on February 9th.
The stock outperformed some of its competitors Tuesday, as Synopsys Inc. $(SNPS)$ rose 0.70% to $523.88, Cognizant Technology Solutions Corp. $(CTSH)$ rose 0.77% to $83.54, and Arista Networks Inc. $(ANET)$ rose 0.74% to $112.32.
Trading volume (1.5 M) remained 207,171 below its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 4, 2025.
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February 04, 2025 17:16 ET (22:16 GMT)
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