Akamai Technologies (AKAM) : Traders are bullish on Akamai Technologies (AKAM) as it has outperformed the S&P 500 by a margin of 1.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.12% in the last 1 week, and is up 8.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Akamai Technologies (NASDAQ:AKAM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.45 and $57.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.89, notching a gain of 1.21% for the day. The total traded volume was 1,048,026 . The stock had closed at $57.20 on the previous day.
The stock has recorded a 20-day Moving Average of 3.83% and the 50-Day Moving Average is 6.94%. Akamai Technologies, Inc. is up 13.22% in the last 3-month period. Year-to-Date the stock performance stands at 9.99%.
Akamai Technologies, Inc. is a provider of cloud services for delivering, optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites, tools that support the delivery and operation of cloud-based applications, as well as security solutions, and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions, Performance and Security Solutions, and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.