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 $59,048 were sold by Nightingale Todd on Feb 25 ’25. At $6.87 per share, Nightingale Todd sold 8,595 shares. The insider’s holdings dropped to 1,544,706 shares worth approximately $10.4 million following the completion of this transaction.
Also, KISLING RONALD W sold 2,063 shares, netting a total of over 14,173 in proceeds. Following the sale of shares at $6.87 each, the insider now holds 506,480 shares.
Before that, Artur Bergman had added 5,298 shares to its account. In a trade valued at $35,814, the Officer bought Fastly Inc shares for $6.76 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 drop of approximately -13.83%. Over the course of the year, Fastly Inc shares have dropped approximately -28.71%. Shares of the company reached a 52-week high of $11.14 on 01/31/25 and a 52-week low of $6.64 on 02/25/25. A 50-day SMA is recorded $9.48, while a 200-day SMA reached $7.97. Nevertheless, trading volume fell to 2.64 million shares from 2.26 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 6.59, which, if violated, would cause prices to drop to 6.44. In the upper region, resistance lies at 7.02. The next price resistance is at 7.30. RSI (Relative Strength Index) is 27.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.42, which suggests the price will decrease in the coming days. Percent R is at 97.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
