Fastly Inc’s filing revealed that its Chief Financial Officer KISLING RONALD W unloaded Company’s shares for reported $0.16 million on Apr 01 ’24. In the deal valued at $12.92 per share,12,000 shares were sold. As a result of this transaction, KISLING RONALD W now holds 640,222 shares worth roughly $8.02 million.
Then, Daniels Richard Devon sold 7,766 shares, generating $98,318 in total proceeds. Upon selling the shares at $12.66, the Director now owns 34,328 shares.
Before that, KISLING RONALD W sold 1,192 shares. Fastly Inc shares valued at $17,081 were divested by the Chief Financial Officer at a price of $14.33 per share. As a result of the transaction, KISLING RONALD W now holds 513,057 shares, worth roughly $6.43 million.
Craig Hallum downgraded its Fastly Inc [FSLY] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late January from “a Sell” to “a Neutral”. RBC Capital Mkts also remained covering FSLY and has increased its forecast on January 08, 2024 with a “Sector perform” recommendation from previously “an Underperform” rating. Morgan Stanley revised its rating on April 20, 2023. It rated FSLY as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of FSLY
On Friday, Fastly Inc [NYSE:FSLY] saw its stock fall -0.48% to $12.53. Over the last five days, the stock has lost -3.39%. Fastly Inc shares have fallen nearly -29.61% since the year began. Nevertheless, the stocks have fallen -26.34% over the past one year. While a 52-week high of $25.87 was reached on 02/12/24, a 52-week low of $11.61 was recorded on 04/05/24. SMA at 50 days reached $16.13, while 200 days put it at $17.56. A total of 2.3 million shares were traded, compared to the trading of 2.49 million shares in the previous session.
Levels Of Support And Resistance For FSLY Stock
The 24-hour chart illustrates a support level at 12.37, which if violated will result in even more drops to 12.22. On the upside, there is a resistance level at 12.64. A further resistance level may holdings at 12.76. The Relative Strength Index (RSI) on the 14-day chart is 34.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.76%. Stochastics %K at 20.73% indicates the stock is a holding.
How much short interest is there in Fastly Inc?
A steep rise in short interest was recorded in Fastly Inc stocks on Mar 15, 2024, growing by 1.05 million shares to a total of 8.93 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.88 million shares. There was a rise of 11.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.16% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.43.
