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An Analysis of Fastly Inc (FSLY)’s Potential Price Growth

Fastly Inc’s filing revealed that its Chief Financial Officer KISLING RONALD W unloaded Company’s shares for reported $97318.0 on Apr 16 ’24. In the deal valued at $13.00 per share,7,486 shares were sold. As a result of this transaction, KISLING RONALD W now holds 632,736 shares worth roughly $5.46 million.

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Then, KISLING RONALD W sold 12,000 shares, generating $155,040 in total proceeds. Upon selling the shares at $12.92, the Chief Financial Officer now owns 640,222 shares.

Before that, Daniels Richard Devon sold 7,766 shares. Fastly Inc shares valued at $98,318 were divested by the Director at a price of $12.66 per share. As a result of the transaction, Daniels Richard Devon now holds 34,328 shares, worth roughly $0.3 million.

DA Davidson downgraded its Fastly Inc [FSLY] rating to a Neutral from a a Buy in a research note published on May 02, 2024; the price target was decreased to $8.50 from $24. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “an Underperform”. Piper Sandler also remained covering FSLY and has increased its forecast on April 08, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Craig Hallum revised its rating on February 15, 2024. It rated FSLY as “a Hold” which previously was an “a Buy”.

Price Performance Review of FSLY

On Friday, Fastly Inc [NYSE:FSLY] saw its stock jump 0.94% to $8.63. Over the last five days, the stock has gained 1.77%. Fastly Inc shares have fallen nearly -51.52% since the year began. Nevertheless, the stocks have fallen -33.77% over the past one year. While a 52-week high of $25.87 was reached on 02/12/24, a 52-week low of $7.83 was recorded on 05/02/24. SMA at 50 days reached $12.44, while 200 days put it at $16.94. A total of 3.83 million shares were traded, compared to the trading of 3.57 million shares in the previous session.

Levels Of Support And Resistance For FSLY Stock

The 24-hour chart illustrates a support level at 8.47, which if violated will result in even more drops to 8.31. On the upside, there is a resistance level at 8.72. A further resistance level may holdings at 8.81. The Relative Strength Index (RSI) on the 14-day chart is 26.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.52%. Stochastics %K at 12.07% indicates the stock is a buying.

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