Akamai Technologies Inc’s recent filing unveils that its EVP – Global Sales Joseph Paul C unloaded Company’s shares for reported $0.39 million on Sep 13 ’24. In the deal valued at $97.30 per share,4,000 shares were sold. As a result of this transaction, Joseph Paul C now holds 30,703 shares worth roughly $3.28 million.
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Then, Joseph Paul C bought 4,000 shares, generating $389,200 in total proceeds.
Before that, Wagner William Raymond sold 1,000 shares. Akamai Technologies Inc shares valued at $100,730 were divested by the Director at a price of $100.73 per share. As a result of the transaction, Wagner William Raymond now holds 16,719 shares, worth roughly $1.78 million.
Craig Hallum upgraded its Akamai Technologies Inc [AKAM] rating to a Buy from a a Hold in a research note published on August 09, 2024; the price target was increased to $125 from $110. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. HSBC Securities also remained covering AKAM and has increased its forecast on July 24, 2024 with a “Hold” recommendation from previously “Reduce” rating. Scotiabank started covering the stock on July 08, 2024. It rated AKAM as “a Sector outperform”.
Price Performance Review of AKAM
On Friday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock jump 1.85% to $106.67. Over the last five days, the stock has gained 2.35%. Akamai Technologies Inc shares have fallen nearly -9.87% since the year began. Nevertheless, the stocks have fallen -0.41% over the past one year. While a 52-week high of $129.17 was reached on 02/09/24, a 52-week low of $87.59 was recorded on 06/13/24. SMA at 50 days reached $100.64, while 200 days put it at $102.82.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 105.35, which if violated will result in even more drops to 104.04. On the upside, there is a resistance level at 107.39. A further resistance level may holdings at 108.12. The Relative Strength Index (RSI) on the 14-day chart is 70.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.75%. Stochastics %K at 89.86% indicates the stock is a selling.
How much short interest is there in Akamai Technologies Inc?
A steep rise in short interest was recorded in Akamai Technologies Inc stocks on 2024-09-30, growing by 68050.0 shares to a total of 8.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.46 million shares. There was a rise of 0.8%, which implies that there is a positive sentiment for the stock.
