Akamai Technologies, Inc. (NASDAQ: AKAM) — This Internet applications and content provider is rumored to be a buyout candidate.
Bloomberg published an unconfirmed report that recent options activity indicated that the company might be acquired.
The stock broke from a triple-top on Friday on the buyout rumors.
I first recommended AKAM on Dec. 31, 2009, at $26, on a list of stocks that I thought would do well in 2010. AKAM went above $45 in June before a three-month consolidation.
S&P reiterated its “hold” rating on AKAM Friday, but there has been very strong buying in the stock since early July.
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