Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Akamai Technologies Inc shares valued at $221,519 were sold by Blumofe Robert on Nov 15 ’24. At $88.61 per share, Blumofe Robert sold 2,500 shares. The insider’s holdings dropped to 19,510 shares worth approximately $1.78 million following the completion of this transaction.
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Also, Joseph Paul C sold 4,000 shares, netting a total of over 354,535 in proceeds. Following the sale of shares at $88.63 each, the insider now holds 26,703 shares.
Before that, Joseph Paul C had added 4,000 shares to its account. In a trade valued at $354,535, the Officer bought Akamai Technologies Inc shares for $88.63 each.
As published in a research note from HSBC Securities on November 11, 2024, Akamai Technologies Inc [AKAM] has been rated up from a Hold to a Buy and the price target has been revised to $121. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 29, 2024, Guggenheim has increased its “Neutral” rating to a “Buy” for AKAM. Earlier on July 24, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Hold” for AKAM stock which previously was a “a Reduce”.
Analyzing AKAM Stock Performance
During the last five days, there has been a surge of approximately 3.09%. Over the course of the year, Akamai Technologies Inc shares have dropped approximately -23.04%. Shares of the company reached a 52-week high of $129.17 on 02/09/24 and a 52-week low of $84.70 on 11/19/24. A 50-day SMA is recorded $99.21, while a 200-day SMA reached $99.95. Nevertheless, trading volume fell to 2.08 million shares from 1.52 million shares the previous day.
Support And Resistance Levels for Akamai Technologies Inc (AKAM)
According to the 24-hour chart, there is a support level at 88.99, which, if violated, would cause prices to drop to 86.89. In the upper region, resistance lies at 92.19. The next price resistance is at 93.29. RSI (Relative Strength Index) is 40.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.88, which suggests the price will decrease in the coming days. Percent R is at 68.97%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
