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Why Fastly Stock Is Climbing Today

TheMotleyFool

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Shares of the content delivery network (CDN) company Fastly (NYSE: FSLY) were rising Wednesday on seemingly no company-related news. The tech stock might be moving higher as investors begin to see the value of the company after a substantial pullback in Fastly's share price this year.

The stock was up as much as 4% today and was up 1.5% at the close.

Fastly's stock was a favorite among tech investors in 2020 as they looked to companies that could benefit from lockdowns and social distancing. Fastly's CDN helps speed up the delivery of online content to users and is used by major companies including Wayfair, Shopify, and Gannett.

Source Fool.com

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