Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fastly Inc shares valued at $300,670 were sold by Bergman Artur on Dec 02 ’24. At $10.07 per share, Bergman Artur sold 29,858 shares. The insider’s holdings dropped to 6,088,236 shares worth approximately $59.73 million following the completion of this transaction.
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Also, KISLING RONALD W sold 1,192 shares, netting a total of over 10,990 in proceeds. Following the sale of shares at $9.22 each, the insider now holds 538,350 shares.
Before that, PER ARTUR BERGMAN had added 150,000 shares to its account. In a trade valued at $1,272,000, the Director bought Fastly Inc shares for $8.48 each.
As published in a research note from Oppenheimer on December 02, 2024, Fastly Inc [FSLY] has been rated up from a Perform to an Outperform and the price target has been revised to $12. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in early October. As of August 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for FSLY. Earlier on May 02, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” 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 23.40%. Over the course of the year, Fastly Inc shares have dropped approximately -44.89%. 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 $7.52, while a 200-day SMA reached $8.85. Nevertheless, trading volume fell to 4.64 million shares from 3.25 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 9.51, which, if violated, would cause prices to drop to 9.20. In the upper region, resistance lies at 10.05. The next price resistance is at 10.28. RSI (Relative Strength Index) is 69.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.83, which suggests the price will increase in the coming days. Percent R is at 12.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
