Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fastly Inc shares valued at $118,538 were sold by Bergman Artur on Sep 03 ’24. At $5.96 per share, Bergman Artur sold 19,889 shares. The insider’s holdings dropped to 6,205,000 shares worth approximately $46.66 million following the completion of this transaction.
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Also, KISLING RONALD W sold 1,192 shares, netting a total of over 7,057 in proceeds. Following the sale of shares at $5.92 each, the insider now holds 566,013 shares.
Before that, PER ARTUR BERGMAN had added 19,889 shares to its account. In a trade valued at $119,732, the Director bought Fastly Inc shares for $6.02 each.
As published in a research note from Piper Sandler on August 08, 2024, Fastly Inc [FSLY] has been rated down from an Overweight to a Neutral and the price target has been revised to $6 from $10. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of May 02, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for FSLY. Earlier on April 08, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for FSLY stock which previously was a “a Neutral”.
Analyzing FSLY Stock Performance
During the last five days, there has been a surge of approximately 5.17%. Over the course of the year, Fastly Inc shares have dropped approximately -57.75%. Shares of the company reached a 52-week high of $25.87 on 02/12/24 and a 52-week low of $5.52 on 08/08/24. A 50-day SMA is recorded $6.79, while a 200-day SMA reached $11.66. Nevertheless, trading volume fell to 2.65 million shares from 1.84 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 7.37, which, if violated, would cause prices to drop to 7.23. In the upper region, resistance lies at 7.68. The next price resistance is at 7.85. RSI (Relative Strength Index) is 66.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 8.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
