The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Akamai Technologies Inc shares valued at $389,200 were sold by Joseph Paul C on Sep 13 ’24. At $97.30 per share, Joseph Paul C sold 4,000 shares. The insider’s holdings dropped to 30,703 shares worth approximately $3.15 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Joseph Paul C purchased 4,000 shares, netting a total of over 389,200 in proceeds.
Before that, Wagner William Raymond had sold 1,000 shares from its account. In a trade valued at $100,730, the Director traded Akamai Technologies Inc shares for $100.73 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.72 million.
As published in a research note from Craig Hallum on August 09, 2024, Akamai Technologies Inc [AKAM] has been rated up from a Hold to a Buy and the price target has been revised to $125 from $110. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 24, 2024, HSBC Securities has increased its “Reduce” rating to a “Hold” for AKAM. Earlier on July 08, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for AKAM stock.
Analyzing AKAM Stock Performance
During the last five days, there has been a drop of approximately -0.83%. Over the course of the year, Akamai Technologies Inc shares have dropped approximately -13.21%. Nevertheless, trading volume fell to 1.48 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Akamai Technologies Inc (AKAM)
RSI (Relative Strength Index) is 51.29 on the 14-day chart, showing neutral technical sentiment.
