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 $8.73 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 $6.99 million.
Piper Sandler upgraded its Fastly Inc [FSLY] rating to an Overweight from a a Neutral in a research note published on April 08, 2024; the price target was decreased to $16 from $19. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Hold”. Citigroup also remained covering FSLY and has increased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Sell” rating. RBC Capital Mkts revised its rating on January 08, 2024. It rated FSLY as “a Sector perform” which previously was an “an Underperform”.
Price Performance Review of FSLY
On Friday, Fastly Inc [NYSE:FSLY] saw its stock fall -0.80% to $13.63. Over the last five days, the stock has gained 8.78%. Fastly Inc shares have fallen nearly -23.43% since the year began. Nevertheless, the stocks have fallen -16.94% 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 $15.42, while 200 days put it at $17.52. A total of 2.81 million shares were traded, compared to the trading of 3.32 million shares in the previous session.
Levels Of Support And Resistance For FSLY Stock
The 24-hour chart illustrates a support level at 13.46, which if violated will result in even more drops to 13.28. On the upside, there is a resistance level at 13.78. A further resistance level may holdings at 13.92. The Relative Strength Index (RSI) on the 14-day chart is 49.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.37%. Stochastics %K at 81.19% indicates the stock is a selling.
