Why Shares of Fastly Rose 13.3% in July

Shares of Fastly (NYSE: FSLY) rose 13.3% in July, according to data from S&P Global Market Intelligence. The rising tech company, which makes the hardware and software edge-computing solutions that deliver web and mobile applications at light speed, has been a darling of the stay-at-home economy.

There was no material news from the company during July, but investors continued to bid up shares of favored stay-at-home stocks, as the coronavirus surged across the southern and western U.S. during the month.

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Source Fool.com