Overall market sentiment has been high on Fastly Inc (FSLY) stock lately. FSLY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Fastly Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FSLY!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With FSLY Stock Today?
Fastly Inc (FSLY) stock is up 1.08% while the S&P 500 has fallen -1.09% as of 2:47 PM on Wednesday, Jan 18. FSLY has gained $0.11 from the previous closing price of $10.16 on volume of 2,792,228 shares. Over the past year the S&P 500 is lower by -13.75% while FSLY has fallen -65.71%. FSLY lost -$1.68 per share in the over the last 12 months.
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More About Fastly Inc
Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focused on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly has far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated about two thirds of its revenue in the United States in 2020.
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