Akamai Technologies (NASDAQ:AKAM) : Traders are bullish on Akamai Technologies (NASDAQ:AKAM) as it has outperformed the S&P 500 by a wide margin of 5.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.3%, 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 1.59% in the last 1 week, and is up 6.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -21.33% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $76.98 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $54.02 and the 200 Day Moving Average price is recorded at $51.93.
The stock has recorded a 20-day Moving Average of 4.25% and the 50-Day Moving Average is 6.51%.
Akamai Technologies (NASDAQ:AKAM): stock turned positive on Friday. Though the stock opened at $55.5, the bulls momentum made the stock top out at $56.64 level for the day. The stock recorded a low of $54.86 and closed the trading day at $56.38, in the green by 2.62%. The total traded volume for the day was 1,919,170. The stock had closed at $54.94 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Akamai Technologies Inc, Leighton F Thomson had purchased shares worth of $999,749 in a transaction dated on June 16, 2016. A total of 18,881 shares were purchased at a price of $52.95 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.