Akamai Technologies Inc. (AKAM) Moves Higher on Volume Spike for December 15

Equities Staff  |

Akamai Technologies Inc. (AKAM) traded on unusually high volume on Dec. 15, as the stock gained 1.76% to close at $57.76. On the day, Akamai Technologies Inc. saw 9.55 million shares trade hands on 21,582 trades. Considering that the stock averages only a daily volume of 2.08 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $71.64 and $44.65 over the last 52-weeks, its 50-day SMA is now $53.63, and its 200-day SMA $52.65. Akamai Technologies Inc. has a P/B ratio of 2.99. It also has a P/E ratio of 34.2.

Akamai Technologies Inc is a United States based company which provides cloud services for delivering, optimizing and securing online content and business applications.

Headquartered in Cambridge, MA, Akamai Technologies Inc. has 6,490 employees and is currently under the leadership of CEO F. Thomson Leighton.

For a complete fundamental analysis analysis of Akamai Technologies Inc., check out Equities.com’s Stock Valuation Analysis report for AKAM.

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To get more information on Akamai Technologies Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AKAM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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