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Why Fastly Stock Is Rising Again Today

TheMotleyFool

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Shares of Fastly (NYSE: FSLY) were up again on Thursday, a day after the content delivery network (CDN) specialist announced a significant performance milestone, as investors continued to buy up stocks positioned to benefit from a long-term shift from brick-and-mortar retail to e-commerce.

As of 2:30 p.m. EDT today, Fastly's shares were up about 4.9% from Wednesday's closing price.

There was no significant news driving Fastly's share price higher on Thursday. But the company has had an eventful week. And its shares are probably getting a boost from intense investor interest in tech companies that stand to benefit from a post-coronavirus consumer shift toward online commerce.

Source Fool.com

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