Why Fastly, Pinterest, and Skillz Stocks Were All Up Big Today

Beaten-down and out-of-favor growth stocks Fastly (NYSE: FSLY), Pinterest (NYSE: PINS), and Skillz (NYSE: SKLZ) were all up big today. The stocks increased a respective 6.8%, 6.6%, and 7.4% as of 3:30 p.m. ET.

There was no specific news causing the rally, but all three names have been volatile in the last month or so since the omicron variant showed up. It caps a terrible 2021 for the three fast-growing businesses as general investor sentiment has favored value stocks in year two of the pandemic. Fastly is down 57% on the year, Pinterest is down 42%, and Skillz is down 61%.

Image source: Getty Images.

Source Fool.com