KD Logo

Selling Buzz: Fastly Inc [FSLY] Chief Financial Officer KISLING RONALD W sells 7,486 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fastly Inc shares valued at $97,318 were sold by KISLING RONALD W on Apr 16 ’24. At $13.00 per share, KISLING RONALD W sold 7,486 shares. The insider’s holdings dropped to 632,736 shares worth approximately $5.57 million following the completion of this transaction.

Also, KISLING RONALD W sold 12,000 shares, netting a total of over 155,040 in proceeds. Following the sale of shares at $12.92 each, the insider now holds 640,222 shares.

Before that, Daniels Richard Devon had sold 7,766 shares from its account. In a trade valued at $98,318, the Director traded Fastly Inc shares for $12.66 each. Upon closing the transaction, the insider’s holdings decreased to 7,766 shares, worth approximately $0.3 million.

As published in a research note from DA Davidson on May 02, 2024, Fastly Inc [FSLY] has been rated down from a Buy to a Neutral and the price target has been revised to $8.50 from $24. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in early May. As of April 08, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for FSLY. Earlier on February 15, 2024, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for FSLY stock which previously was a “a Buy”.

Analyzing FSLY Stock Performance

During the last five days, there has been a surge of approximately 5.90%. Over the course of the year, Fastly Inc shares have dropped approximately -50.56%. Shares of the company reached a 52-week high of $25.87 on 02/12/24 and a 52-week low of $7.83 on 05/02/24. A 50-day SMA is recorded $12.13, while a 200-day SMA reached $16.81. Nevertheless, trading volume fell to 3.77 million shares from 5.09 million shares the previous day.

Support And Resistance Levels for Fastly Inc (FSLY)

According to the 24-hour chart, there is a support level at 8.56, which, if violated, would cause prices to drop to 8.32. In the upper region, resistance lies at 9.15. The next price resistance is at 9.50. RSI (Relative Strength Index) is 30.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 82.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Most Popular

[the_ad id="945"]