Akamai Technologies Inc’s filing revealed that its Chief Technology Officer Blumofe Robert unloaded Company’s shares for reported $0.22 million on Nov 15 ’24. In the deal valued at $88.61 per share,2,500 shares were sold. As a result of this transaction, Blumofe Robert now holds 19,510 shares worth roughly $1.68 million.
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Then, Joseph Paul C sold 4,000 shares, generating $354,535 in total proceeds. Upon selling the shares at $88.63, the EVP – Global Sales now owns 26,703 shares.
Before that, Joseph Paul C bought 4,000 shares. Akamai Technologies Inc shares valued at $354,535 were divested by the Officer at a price of $88.63 per share.
HSBC Securities upgraded its Akamai Technologies Inc [AKAM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. Guggenheim also remained covering AKAM and has increased its forecast on July 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on July 24, 2024. It rated AKAM as “a Hold” which previously was an “a Reduce”.
Price Performance Review of AKAM
On Monday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock fall -1.68% to $85.96. Over the last five days, the stock has lost -5.61%. Akamai Technologies Inc shares have fallen nearly -27.37% since the year began. Nevertheless, the stocks have fallen -22.82% over the past one year. While a 52-week high of $129.17 was reached on 02/09/24, a 52-week low of $86.78 was recorded on 11/18/24. SMA at 50 days reached $99.65, while 200 days put it at $100.49.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 84.97, which if violated will result in even more drops to 83.99. On the upside, there is a resistance level at 87.56. A further resistance level may holdings at 89.17. The Relative Strength Index (RSI) on the 14-day chart is 25.42, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.12%. Stochastics %K at 2.01% indicates the stock is a buying.
How much short interest is there in Akamai Technologies Inc?
A steep rise in short interest was recorded in Akamai Technologies Inc stocks on 2024-10-31, growing by 0.58 million shares to a total of 9.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.53 million shares. There was a rise of 6.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 08, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $110 price target.
