Akamai Technologies CEO buys 25,000 shares

By Bobby Raines,

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Bobby Raines 12/10/2013

Thomson Leighton, the CEO and a member of the board of directors at Akamai Technologies ( AKAM ) , bought 25,000 shares of the company's common stock on Dec. 5. At $45.28, Leighton paid $1,132,000 for the shares.

IK-> The technicals for AKAM ($44.91 up $0.56) are bullish with a neutral trend. Recent support has been around $43.93 and recent resistance has been around $46.48. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Feb. 33/37 bull-put spread for a 31-cent credit. That's an 8.4% return and the stock has to fall 17.6% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing Options
Referenced Stocks: AKAM

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