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Why Fastly Stock Jumped Wednesday

TheMotleyFool

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Why Fastly Stock Jumped WednesdayPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Shares of cloud-computing specialist Fastly (NYSE: FSLY) jumped on Wednesday, rising as much as 16.2%. As of 11:51 a.m. EDT, the stock was up 11.8%.

There didn't seem to be any specific news that sent shares higher at market open. But shares have notably been volatile since the stock's initial public offering, making moves like this fairly routine.

In addition, the stock's post-IPO lockup expiration ends today, giving pre-IPO shareholders a chance to sell. The stock's move today could have to do with trading surrounding the event.

Source Fool.com

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