Why Fastly, Pinterest, and Teladoc Health Stocks Notched Higher on Friday
Shares of edge computing specialist Fastly (NYSE: FSLY), visual search and media platform Pinterest (NYSE: PINS), and telehealth company Teladoc Health (NYSE: TDOC) all jumped sharply on Friday. Shares of the three companies gained as much as 4.7%, 3.1%, and 3.7%, respectively. As of 11:10 a.m. EDT, however, Fastly was up 4%, Pinterest was up 2.1%, and Teladoc was up 3.4%.
The three stocks' moves higher were likely fueled primarily by a bullish day for tech stocks -- particularly growth tech stocks like these three. In addition, all three of these companies' stocks have taken severe beatings recently. Some investors may think the stocks' pullbacks have gone too far, creating buying opportunities.
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Source Fool.com
