Shares of Akamai Technologies (AKAM) Sees Large Inflow of Net Money Flow

Akamai Technologies (AKAM) stock had a bullish inflow of $17.47 million worth of trades on uptick and an outflow of $11.32 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.54. The net money flow into the stock was $6.15 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $6.33 million. $6.33 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Akamai Technologies (AKAM) stock traded down $0.14 , and reached $56.24, a drop of -0.25% over the previous day. On a weekly basis, the stock is 1.33%, over the previous weeks close.


The company Insiders own 2.7% of Akamai Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.65% . Institutional Investors own 90.63% of Akamai Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -27.1%. 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.

Shares of Akamai Technologies, Inc. rose by 3.52% in the last five trading days and 6.5% for the last 4 weeks. Akamai Technologies, Inc. is up 11.12% in the last 3-month period. Year-to-Date the stock performance stands at 6.71%.

Akamai Technologies (NASDAQ:AKAM): On Tuesdays trading session , Opening price of the stock was $56.74 with an intraday high of $56.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $56.11. However, the stock managed to close at $56.16, a loss of 0.14% for the day. On the previous day, the stock had closed at $56.24. The total traded volume of the day was 2,018,411 shares.

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.

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