Why Investors Slammed Fastly Stock on Tuesday

Fastly (NYSE: FSLY) has had very little news of its own to impart in recent weeks. On Tuesday, though, its stock made a notable move after an analyst downgraded his recommendation on the company.On the back of that development, investors eagerly traded out of the company, driving it to close more than 5% lower that day. This was a far steeper fall than the S&P 500 index's 0.9% dip.The pundit getting notably more bearish was Raymond James's Frank Louthan IV; before the market open, he changed his recommendation on Fastly stock to market perform (hold, in other words) from the previous strong buy. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool