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 $93,380 were purchased by Wagner William Raymond on Nov 27 ’24. At $93.38 per share, Wagner William Raymond acquired 1,000 shares.
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Also, Wagner William Raymond sold 1,000 shares, netting a total of over 93,380 in proceeds. Following the sale of shares at $93.38 each, the insider now holds 15,719 shares.
Before that, Blumofe Robert had sold 2,500 shares from its account. In a trade valued at $221,519, the Chief Technology Officer traded Akamai Technologies Inc shares for $88.61 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.95 million.
As published in a research note from Oppenheimer on December 02, 2024, Akamai Technologies Inc [AKAM] has been rated up from a Perform to an Outperform and the price target has been revised to $120. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of August 09, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for AKAM. Earlier on July 29, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for AKAM stock which previously was a “a Neutral”.
Analyzing AKAM Stock Performance
During the last five days, there has been a surge of approximately 1.75%. Over the course of the year, Akamai Technologies Inc shares have dropped approximately -15.49%. 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 $98.39, while a 200-day SMA reached $98.78. Nevertheless, trading volume fell to 1.37 million shares from 1.27 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 98.99, which, if violated, would cause prices to drop to 97.96. In the upper region, resistance lies at 100.60. The next price resistance is at 101.18. RSI (Relative Strength Index) is 60.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.11, which suggests the price will increase in the coming days. Percent R is at 2.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
