Akami Technologies Ticks Higher As CEO Purchases 96,000 Shares Of Company Stock

Shares of

were trading higher by more than 1 percent on Thursday as investors after the company's CEO, Dr. Tom Leighton,

an insider purchase of company stock. Leighton reported that he purchased 96,521 shares of Akami Technologies' stock at a price of $51.79. The executive now owns more than 2.96 million shares of the company's stock. Shares of Akami Technologies have gained more than 2 percent since the start of 2016 but have lost nearly 25 percent over the past year.