Should You Buy Fastly Inc (FSLY) Stock on Wednesday?

The market has been high on Fastly Inc (FSLY) stock recently. FSLY gets a Bullish score 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!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FSLY Stock Today?

Fastly Inc (FSLY) stock is lower by -0.14% while the S&P 500 is higher by 0.42% as of 11:51 AM on Wednesday, Oct 20. FSLY has fallen -$0.07 from the previous closing price of $49.57 on volume of 3,202,889 shares. Over the past year the S&P 500 has gained 32.43% while FSLY has fallen -40.72%. FSLY lost -$1.58 per share in the over the last 12 months. To screen for more stocks like Fastly Inc click here.

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