Why Fastly Stock Is Sliding Again Today
Shares of Fastly (NYSE: FSLY) were sliding 6.5% lower as of 11:31 a.m. EDT on Tuesday. The edge computing company didn't report any news that would cause its stock to fall. Instead, it appears that a sell-off that began last week after two analysts expressed hesitation about Fastly's valuation is continuing to pick up momentum.
Investors shouldn't be overly concerned when high-flying growth stocks like Fastly pull back somewhat. That's especially the case when the pullback stems from Wall Street analysts' actions.
Image source: Getty Images.
Source Fool.com
