In a filing, Fastly Inc revealed its Director Artur Bergman acquired Company’s shares for reported $0.14 million on Nov 18 ’24. In the deal valued at $8.61 per share,16,506 shares were bought.
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Then, Ronald Kisling bought 15,704 shares, generating $135,211 in total proceeds.
Before that, Todd Nightingale bought 48,593 shares. Fastly Inc shares valued at $418,386 were divested by the Director at a price of $8.61 per share.
Raymond James downgraded its Fastly Inc [FSLY] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. DA Davidson also remained covering FSLY and has decreased its forecast on May 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on May 02, 2024. It rated FSLY as “an Underperform” which previously was an “a Buy”.
Price Performance Review of FSLY
On Monday, Fastly Inc [NYSE:FSLY] saw its stock fall -1.25% to $6.33. Over the last five days, the stock has lost -11.84%. Fastly Inc shares have fallen nearly -64.44% since the year began. Nevertheless, the stocks have fallen -61.05% over the past one year. While a 52-week high of $25.87 was reached on 02/12/24, a 52-week low of $5.52 was recorded on 08/08/24. SMA at 50 days reached $7.21, while 200 days put it at $9.56.
Levels Of Support And Resistance For FSLY Stock
The 24-hour chart illustrates a support level at 6.23, which if violated will result in even more drops to 6.13. On the upside, there is a resistance level at 6.45. A further resistance level may holdings at 6.57. The Relative Strength Index (RSI) on the 14-day chart is 34.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.81%. Stochastics %K at 5.85% indicates the stock is a buying.
How much short interest is there in Fastly Inc?
A steep rise in short interest was recorded in Fastly Inc stocks on 2024-10-31, dropping by -2.55 million shares to a total of 11.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.39 million shares. There was a decline of -21.55%, which implies that there is a negative sentiment for the stock.
