Akamai Technologies Inc’s filing revealed that its EVP – Global Sales Joseph Paul C unloaded Company’s shares for reported $0.37 million on Jan 15 ’25. In the deal valued at $91.57 per share,4,000 shares were sold. As a result of this transaction, Joseph Paul C now holds 23,104 shares worth roughly $2.32 million.
Then, Joseph Paul C bought 4,000 shares, generating $366,280 in total proceeds.
Before that, McGowan Edward J sold 10,782 shares. Akamai Technologies Inc shares valued at $1,064,283 were divested by the Chief Financial Officer at a price of $98.71 per share. As a result of the transaction, McGowan Edward J now holds 12,716 shares, worth roughly $1.28 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 Tuesday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock jump 0.87% to $100.54. Over the last five days, the stock has gained 6.16%. Akamai Technologies Inc shares have risen nearly 5.11% since the year began. Nevertheless, the stocks have fallen -18.70% over the past one year. While a 52-week high of $129.17 was reached on 01/28/25, a 52-week low of $84.70 was recorded on 01/13/25. SMA at 50 days reached $94.47, while 200 days put it at $96.73.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 99.37, which if violated will result in even more drops to 98.19. On the upside, there is a resistance level at 101.24. A further resistance level may holdings at 101.94. The Relative Strength Index (RSI) on the 14-day chart is 67.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.87%. Stochastics %K at 97.75% 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 2025-01-15, growing by 0.13 million shares to a total of 9.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 9.4 million shares. There was a rise of 1.37%, which implies that there is a positive sentiment for the stock.
