Direxion Daily Technology Bull 3X Shares Experiences Big Outflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2024
0mins
Source: NASDAQ.COM
- TECL Stock Analysis: TECL's 52-week range is $37.25 to $85.5299 per share, with the last trade at $83.35. Comparing the share price to the 200-day moving average is a useful technical analysis technique.
- Exchange Traded Funds (ETFs): ETFs trade like stocks, where investors buy and sell "units." These units can be traded back and forth or created/destroyed based on investor demand, impacting underlying holdings.
- Weekly Monitoring of ETFs: Weekly monitoring tracks changes in shares outstanding data to identify notable inflows (new units created) or outflows (old units destroyed) in ETFs, affecting the individual components held within them.
- Notable Outflows in ETFs: Information on 9 other ETFs that experienced significant outflows is available for further exploration.
- Disclaimer: The views and opinions expressed in the content belong to the author and may not necessarily reflect those of Nasdaq, Inc.
Analyst Views on AKAM
Wall Street analysts forecast AKAM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AKAM is 101.50 USD with a low forecast of 89.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
9 Buy
7 Hold
0 Sell
Moderate Buy
Current: 93.720
Low
89.00
Averages
101.50
High
115.00
Current: 93.720
Low
89.00
Averages
101.50
High
115.00
About AKAM
Akamai Technologies, Inc. is a cybersecurity and cloud computing company. The Company develops and provides solutions for global enterprises to build, secure and accelerate their applications and digital experiences. Akamai Connected Cloud, the Company's platform, is comprised of an edge and cloud architecture and underlying network for cloud computing, security and content delivery services. Its cloud computing services include compute, storage, networking, database and container management services that are required to build, deploy and secure applications and workloads. Its security solutions are designed to keep infrastructure, websites, applications, application programming interfaces and users safe from a multitude of cyberattacks and online threats while improving performance. Its content delivery solutions consist of Web and mobile performance focused solutions and media delivery solutions. It also specializes in serverless WebAssembly function-as-a-service (FaaS) technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
