Akamai Technologies Inc’s recently made public that its Chief Financial Officer McGowan Edward J unloaded Company’s shares for reported $1.06 million on Dec 16 ’24. In the deal valued at $98.71 per share,10,782 shares were sold. As a result of this transaction, McGowan Edward J now holds 12,716 shares worth roughly $1.19 million.
Then, McGowan Edward J bought 10,782 shares, generating $1,064,283 in total proceeds.
Before that, Ahola Aaron sold 3,500 shares. Akamai Technologies Inc shares valued at $347,419 were divested by the EVP & General Counsel at a price of $99.26 per share. As a result of the transaction, Ahola Aaron now holds 12,678 shares, worth roughly $1.19 million.
UBS initiated its Akamai Technologies Inc [AKAM] rating to a Neutral in a research note published on December 16, 2024; the price target was $110. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in early December from “a Perform” to “an Outperform”. HSBC Securities also remained covering AKAM and has increased its forecast on November 11, 2024 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on August 09, 2024. It rated AKAM as “a Buy” which previously was an “a Hold”.
Price Performance Review of AKAM
On Friday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock fall -1.95% to $93.56. Over the last five days, the stock has lost -4.49%. Akamai Technologies Inc shares have fallen nearly -2.19% since the year began. Nevertheless, the stocks have fallen -19.56% over the past one year. While a 52-week high of $129.17 was reached on 01/02/25, a 52-week low of $84.70 was recorded on 01/03/25. SMA at 50 days reached $96.34, while 200 days put it at $97.79.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 91.59, which if violated will result in even more drops to 89.61. On the upside, there is a resistance level at 95.77. A further resistance level may holdings at 97.97. The Relative Strength Index (RSI) on the 14-day chart is 40.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.35%. Stochastics %K at 23.45% indicates the stock is a holding.
How much short interest is there in Akamai Technologies Inc?
A steep rise in short interest was recorded in Akamai Technologies Inc stocks on 2024-12-13, growing by 0.42 million shares to a total of 9.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.98 million shares. There was a rise of 4.45%, which implies that there is a positive sentiment for the stock.
