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!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With FSLY Stock Today?
Fastly Inc (FSLY) stock is trading at $46.25 as of 11:36 AM on Friday, Sep 3, a decline of -$1.01, or -2.14% from the previous closing price of $47.26. The stock has traded between $46.14 and $47.53 so far today. Volume today is light. So far 749,197 shares have traded compared to average volume of 5,388,155 shares.
More About Fastly Inc
Fastly operates a content delivery network (CDN), 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 is 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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