Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Akamai Technologies Inc shares valued at $366,280 were sold by Joseph Paul C on Jan 15 ’25. At $91.57 per share, Joseph Paul C sold 4,000 shares. The insider’s holdings dropped to 23,104 shares worth approximately $2.2 million following the completion of this transaction.
Also, Joseph Paul C purchased 4,000 shares, netting a total of over 366,280 in proceeds.
Before that, McGowan Edward J had sold 10,782 shares from its account. In a trade valued at $1,064,283, the Chief Financial Officer traded Akamai Technologies Inc shares for $98.71 each. Upon closing the transaction, the insider’s holdings decreased to 10,782 shares, worth approximately $1.21 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 surge of approximately 5.00%. Over the course of the year, Akamai Technologies Inc shares have dropped approximately -0.56%. Shares of the company reached a 52-week high of $97.23 on 01/02/25 and a 52-week low of $88.50 on 01/13/25. A 50-day SMA is recorded $94.10, while a 200-day SMA reached $96.88. Nevertheless, trading volume fell to 1.36 million shares from 2.96 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 93.89, which, if violated, would cause prices to drop to 92.68. In the upper region, resistance lies at 95.73. The next price resistance is at 96.35. RSI (Relative Strength Index) is 54.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 24.28%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
