The market has been down on Akamai Technologies, Inc. (AKAM) stock recently. AKAM gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With AKAM Stock Today?
Akamai Technologies, Inc. (AKAM) stock is trading at $117.58 as of 1:35 PM on Wednesday, Jul 7, a gain of $0.39, or 0.33% from the previous closing price of $117.19. Volume today is less active than usual. So far 523,055 shares have traded compared to average volume of 1,105,956 shares. The stock has traded between $115.25 and $117.68 so far today.
To see InvestorsObserver's Sentiment Score for Akamai Technologies, Inc. click here.
More About Akamai Technologies, Inc.
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,000 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core web and media businesses to protect its customers from cyber threats.
Click Here to get the full Stock Score Report on Akamai Technologies, Inc. (AKAM) Stock.
