Is Fastly Inc (FSLY) Stock About to Get Hot Thursday?

Fastly Inc (FSLY) stock is lower by 6.86% over the past week and gets a Bullish rating from InvestorsObserver 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!

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What is Stock Sentiment?

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FSLY Stock Today?

Fastly Inc (FSLY) stock is trading at $16.56 as of 2:28 PM on Thursday, Nov 30, a decline of -$2.01, or -10.82% from the previous closing price of $18.57. The stock has traded between $16.49 and $18.47 so far today. Volume today is 3,487,779 compared to average volume of 2,876,354. To screen for more stocks like Fastly Inc click here.

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. Click Here to get the full Stock Report for Fastly Inc stock.