Why Fastly Stock Rose Higher on Monday

Not for the first time this year, content delivery network (CDN) operator Fastly (NYSE: FSLY) had a big announcement concerning its top management. Monday morning, it announced a new executive appointment, and investors clearly approved -- they traded the stock up by nearly 2% on the day.

Fastly announced that it has appointed a new chief product officer: Lakshmi Sharma, who is to begin her job immediately. A seasoned executive in both the tech and consumer goods industries, Sharma most recently served as the director of product management at Alphabet's Google Cloud. She has also served in management positions at companies such as Target and Cisco Systems.

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Source Fool.com