Akamai Gained the Most in the SP500

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Akamai Gained the Most in the SP500

Published on Tuesday, 10 August 2010 16:32 Written by Danny Miller

akam New York, August 10^th (Tradershuddle.com) – Shares of Akamai Technologies (NASDAQ:AKAM) gained the most in the S&P 500 after its shares climbed 4.86% to $43.15.

Akamai (NASDAQ:AKAM), the provider of delivery services for streaming media, jumped after Goldman Sachs upgraded the stock to a Buy from Neutral. The analyst at Goldman also raised its target price to $49 from $47 per share, citing attractive valuation.

The move to the upside came with high volume; 8.7 million shares traded 1.79 times Akamai’s average 90day volume of 4.87 million shares.

The stock's 52-week low is $16.76 and its 52-week high is $46.72.

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