Akamai Technologies Inc. Stock Falls 6.8%, Underperforms Peers

Dow Jones09-25 04:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Akamai Technologies Inc. slid 6.8% to $110.41 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 7,704.13 and the Dow Jones Industrial Average falling 0.3% to 51,349.98.

The stock's fall snapped a three-day winning streak.

Akamai Technologies Inc. closed 33.3% short of its 52-week high of $165.45, which the company reached on May 13th.

The stock underperformed when compared to some of its peers, as Synopsys Inc. rose 2.9% to $424.91, Cognizant Technology Solutions Corp. fell 3.3% to $57.17, and Arista Networks Inc. rose 1.10% to $205.70.

Trading volume totaled 5.0 million, compared to the 50-day average of 3.4 million.

Data source: Dow Jones Market Data, FactSet

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