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Akamai Technologies Higher After Oppenheimer Upgrade

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32 Stocks Moving In Friday's Pre-Market Session
36 Stocks Moving In Wednesday's Mid-Day Session

Akamai Technologies, Inc. (NASDAQ: AKAM) shares are trading higher by $3.16 at $68.30 in Wednesday's session. Investors are following the lead of Oppenheimer, whom upgraded the issue from Perform to Outperform and raised its price target from $65.00 to $70.00.

After a higher, the issue had a brief retreat but found support ahead of the top of Tuesday's range ($65.92), only reaching $66.64. So far, the continuation rally has taken the issue to $68.36 and is not far off that level.

The current high comes in just above its November 2 high ($68.22), but is still quite some distance from its November 1 high ($69.55).

Its all-time high was made on October 31 at $71.04 and its all-time closing high was made the day before at $69.91. Those highs were put on place a few days after its Q3 beat that was announced after the close on October 25.

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