Shares of edge cloud platform provider Fastly (NYSE: FSLY) slumped on Monday, down 10% by 11:15 a.m. EDT. There was no company-specific news, and the major stock indices were in the green. Fastly's plunge may be a simple case of a stock that has risen too far too fast.
Fastly stock has been swept higher since bottoming out in March as investors flocked to so-called work-from-home stocks. Since the start of the year, shares of Fastly are up nearly 290%.
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Source Fool.com