What's Happening with Fastly's Stock Today
Shares of Fastly (NYSE: FSLY) tumbled by as much as 7.5% this morning as some investors continued a tech stock sell-off that began last week. Investors, particularly in the tech sector, have been selling their shares lately and taking the profits. But by midafternoon, Fastly's stock had reversed course. As of 3:36 p.m. EDT on Tuesday, Fastly's stock was up less than 1%.
What would cause Fastly's stock to drop so far during morning trading, only to gain back its losses by the afternoon? The volatility likely comes as some technology investors are trying to figure out whether the run-up of tech stocks over the past few months is over, or if they should add to their positions.
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Source Fool.com