Elliott Management disclosed Friday that it has taken a 6.5 percent stake in Akamai Technologies Inc. (AKAM).
Akamai Technologies gapped open sharply higher Monday, but pared its gains in early trade. The stock settled into a range for the bulk of the session and closed up by 7.91 at $65.67 with volume at a 10-month high. Akamai Technologies leaped to nearly a 9-month high.
by RTT Staff Writer
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