Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Akamai Technologies Inc shares valued at $1,064,283 were sold by McGowan Edward J on Dec 16 ’24. At $98.71 per share, McGowan Edward J sold 10,782 shares. The insider’s holdings dropped to 12,716 shares worth approximately $1.23 million following the completion of this transaction.
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Also, McGowan Edward J purchased 10,782 shares, netting a total of over 1,064,283 in proceeds.
Before that, Ahola Aaron had sold 3,500 shares from its account. In a trade valued at $347,419, the EVP & General Counsel traded Akamai Technologies Inc shares for $99.26 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $1.23 million.
As published in their initiating research note from UBS on December 16, 2024, Akamai Technologies Inc [AKAM] has been a Neutral and the price target has been revised to $110. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of November 11, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for AKAM. Earlier on August 09, 2024, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for AKAM stock which previously was a “a Hold”.
Analyzing AKAM Stock Performance
During the last five days, there has been a drop of approximately -0.46%. Over the course of the year, Akamai Technologies Inc shares have dropped approximately -18.12%. 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 $97.44, while a 200-day SMA reached $98.17. Nevertheless, trading volume fell to 0.54 million shares from 1.32 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 96.25, which, if violated, would cause prices to drop to 95.59. In the upper region, resistance lies at 97.37. The next price resistance is at 97.83. RSI (Relative Strength Index) is 51.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 53.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
