Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fastly Inc shares valued at $137,528 were sold by Bergman Artur on Nov 19 ’24. At $6.61 per share, Bergman Artur sold 20,806 shares. The insider’s holdings dropped to 6,118,094 shares worth approximately $46.56 million following the completion of this transaction.
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Also, Bergman Artur sold 16,922 shares, netting a total of over 105,762 in proceeds. Following the sale of shares at $6.25 each, the insider now holds 6,138,900 shares.
Before that, KISLING RONALD W had sold 16,102 shares from its account. In a trade valued at $100,638, the Chief Financial Officer traded Fastly Inc shares for $6.25 each. Upon closing the transaction, the insider’s holdings decreased to 16,102 shares, worth approximately $4.13 million.
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 7.18%. Over the course of the year, Fastly Inc shares have dropped approximately -57.25%. 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 $7.27, while a 200-day SMA reached $9.34. Nevertheless, trading volume fell to 5.24 million shares from 1.69 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 6.87, which, if violated, would cause prices to drop to 6.13. In the upper region, resistance lies at 7.98. The next price resistance is at 8.35. RSI (Relative Strength Index) is 56.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 45.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
