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Akamai Technologies Inc. stock (NASDAQ
NDAQ
Now, is Akamai stock set to continue its underperformance or could we expect a bounce back? We believe that there is a strong 82% chance of a rise in Akamai stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last ten years. See our analysis on Akamai Stock Chance of Rise. For additional details about the company stock returns and comparison to peers, see Akamai Stock Return Comparison. For additional details about Akamai’s revenues and comparison to peers, see Akamai Revenue Comparison
AKAM Chance of Rise
Trefis
Twenty-One Day: AKAM -17%, vs. S&P500 -11%; Underperformed market
(2% likelihood event; 82% probability of rise over next 21 days)
- AKAM stock dropped 17% the last twenty-one trading days (one month), compared to a broader market (S&P500) drop of 11%
- A change of -17% or more over twenty-one trading days is a 2% likelihood event, which has occurred 38 times out of 2516 in the last 10 years
- Of these 38 instances, the stock has seen a positive movement over the next twenty-one trading days on 31 occasions
- This points to an 82% probability for the stock rising over the next twenty-one trading days
Ten Day: AKAM -14%, vs. S&P500 -5.9%; Underperformed market
(1% likelihood event; 24% probability of rise over next 10 days)
- AKAM stock lost 14% over the last ten trading days (two weeks), compared to a broader market (S&P500) drop of 5.9%
- A change of -14% or more over ten trading days is a 1% likelihood event, which has occurred 33 times out of 2516 in the last 10 years
- Of these 33 instances, the stock has seen a positive movement over the next ten trading days on 8 occasions
- This points to a 24% probability for the stock rising over the next ten trading days
Five Day: AKAM -4.5%, vs. S&P500 -8.5%; Outperformed market
(8% likelihood event; 56% probability of rise over next five days)
- AKAM stock lost 4.5% over a five-day trading period ending 5/11/2022, compared to the broader market (S&P500) which was down more than 8% over this period.
- A change of -4.5% or more over five trading days (one week) is an 8% likelihood event, which has occurred 205 times out of 2516 in the last 10 years
- Of these 205 instances, the stock has seen a positive movement over the next five trading days on 114 occasions
- This points to a 56% probability for the stock rising over the next five trading days
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AKAM Return
Trefis
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