Why Akamai Technologies, Inc. Stock Popped Today
Shares of Akamai Technologies Inc. (NASDAQ: AKAM) were up 13.6% as of 12:30 p.m. EST Monday after news that an activist investor has acquired a large stake in the internet bandwidth efficiency leader. More specifically, according to an SEC filing late Friday, Elliott Management has amassed a position representing roughly 6.5% of Akamai's common shares outstanding.
Such significant large stakes are typically followed by pressure from the activist investor for the company to take action to generate incremental shareholder value.
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Source: Fool.com
Akamai Tech. Stock
€91.92
1.270%
With 21 Buy predictions and 3 Sell predictions Akamai Tech. is one of the favorites of our community.
As a result the target price of 111 € shows a positive potential of 20.76% compared to the current price of 91.92 € for Akamai Tech..
