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 $377,195 were purchased by PER ARTUR BERGMAN on Nov 06 ’24. At $7.67 per share, PER ARTUR BERGMAN acquired 49,178 shares.
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Also, KISLING RONALD W sold 7,449 shares, netting a total of over 53,931 in proceeds. Following the sale of shares at $7.24 each, the insider now holds 558,564 shares.
Before that, Ronald W. Kisling had added 7,411 shares to its account. In a trade valued at $56,546, the Officer bought Fastly Inc shares for $7.63 each.
As published in a research note from Raymond James on October 01, 2024, Fastly Inc [FSLY] has been rated down from a Strong buy to a Mkt perform. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 02, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for FSLY. Earlier on May 02, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” 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 13.00%. Over the course of the year, Fastly Inc shares have dropped approximately -54.10%. 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 $7.05, while a 200-day SMA reached $10.05. Nevertheless, trading volume fell to 5.52 million shares from 6.4 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 7.74, which, if violated, would cause prices to drop to 7.31. In the upper region, resistance lies at 8.68. The next price resistance is at 9.19. RSI (Relative Strength Index) is 70.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 31.89%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
