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May 4, 2022, 4:35 p.m. EDT

Akamai Technologies Inc. stock falls Wednesday, underperforms market

MarketWatch Automation

Shares of Akamai Technologies Inc. (NAS:AKAM) slid 9.70% to $102.77 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index (S&P:SPX) rising 2.99% to 4,300.17 and the Dow Jones Industrial Average (DOW:DJIA) rising 2.81% to 34,061.06. The stock's fall snapped a two-day winning streak. Akamai Technologies Inc. closed $20.49 below its 52-week high ($123.25), which the company achieved on April 21st.

The stock underperformed when compared to some of its competitors Wednesday, as Alphabet Inc. Cl A (NAS:GOOGL) rose 4.20% to $2,445.22, Amazon.com Inc. (NAS:AMZN) rose 1.35% to $2,518.57, and Microsoft Corp. (NAS:MSFT) rose 2.91% to $289.98. Trading volume (8.8 M) eclipsed its 50-day average volume of 1.5 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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