In a filing, Akamai Technologies Inc revealed its Director Wagner William Raymond acquired Company’s shares for reported $93380.0 on Nov 27 ’24. In the deal valued at $93.38 per share,1,000 shares were bought.
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Then, Wagner William Raymond sold 1,000 shares, generating $93,380 in total proceeds. Upon selling the shares at $93.38, the Director now owns 15,719 shares.
Before that, Blumofe Robert sold 2,500 shares. Akamai Technologies Inc shares valued at $221,519 were divested by the Chief Technology Officer at a price of $88.61 per share. As a result of the transaction, Blumofe Robert now holds 19,510 shares, worth roughly $1.91 million.
Oppenheimer upgraded its Akamai Technologies Inc [AKAM] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Craig Hallum also remained covering AKAM and has increased its forecast on August 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Guggenheim revised its rating on July 29, 2024. It rated AKAM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AKAM
On Friday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock jump 0.68% to $98.06. Over the last five days, the stock has gained 4.30%. Akamai Technologies Inc shares have fallen nearly -17.14% since the year began. Nevertheless, the stocks have fallen -14.34% over the past one year. While a 52-week high of $129.17 was reached on 02/09/24, a 52-week low of $84.70 was recorded on 11/19/24. SMA at 50 days reached $98.48, while 200 days put it at $98.91.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 97.49, which if violated will result in even more drops to 96.92. On the upside, there is a resistance level at 98.92. A further resistance level may holdings at 99.79. The Relative Strength Index (RSI) on the 14-day chart is 56.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.99%. Stochastics %K at 91.85% 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 2024-11-15, growing by 0.99 million shares to a total of 8.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.99 million shares. There was a rise of 11.08%, which implies that there is a positive sentiment for the stock.
