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Barchart
Wajeeh Khan

3 Reasons Why AKAM Stock Is Up Today

AKAM Akamai Akamai Technologies Anthropic Jabil

Akamai Technologies (AKAM) shares are ripping higher on Friday morning after the distributed cloud and security provider announced multiple significant enterprise agreements. As investors cheered AKAM, it soared past its key moving averages (MAs), indicating the bullish momentum could sustain in the near term.

The announcements come as Akamai stock has been in a sharp downtrend, currently trading about 27% below its year-to-date high in early June.

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