Large Inflow of Money Witnessed in Akamai Technologies

Akamai Technologies (NASDAQ:AKAM) : Wednesdays money flow indicated an uptick to downtick ratio was at 2.32. The total value of inflow transactions on upticks was $1.96 million, whereas, the total value of outflow trades on downticks was $0.84 million. The total money flow was $1.12 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.14 million. The total value of the trades done on upticks was $1.14 million. Akamai Technologies (NASDAQ:AKAM) was trading with a -0.21% change over previous days close. It fell $0.11 during the day and reached $52.94. The stock was -0.77% compared to the previous weeks close.


In an insider trading activity, Leighton F Thomson, CEO of Akamai Technologies Inc, executed a transaction worth $999,749 on June 16, 2016. A total of 18,881 shares were purchased at an average price of $52.95. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently 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 90.69% of Akamai Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -27.1%.

The company shares have dropped -24.61% 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 $53.09 and the 200 Day Moving Average price is recorded at $51.78. Akamai Technologies (NASDAQ:AKAM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.09 and $52.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.56, notching a gain of 2.85% for the day. The total traded volume was 1,780,193 . The stock had closed at $53.05 on the previous day.

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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