Akamai Technologies (AKAM) has been under a strong bear grip, hence the stock is down -3.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.25% in the past 1 week. The stock has risen by 1.42% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.23% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.56% and the 50-Day Moving Average is 0.38%.The 200 Day SMA reached 1.19%
Akamai Technologies (NASDAQ:AKAM): After opening at $52.63, the stock dipped to an intraday low of $52.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.19 and the buying power remained strong till the end. The stock closed at $52.99 for the day, a gain of 1.11% for the day session. The total traded volume was 1,354,713. The stocks close on the previous trading day was $52.99.
Akamai Technologies (AKAM) : The highest level Akamai Technologies (AKAM) is projected to reach is $70 for the short term and the lowest estimate is at $42. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $59.5 and the possibility the share price can swing is $7.38.
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.