Why Fastly Stock Fell on Tuesday

·1-min read
Why Fastly Stock Fell on Tuesday

Shares of cloud-computing company Fastly (NYSE: FSLY) took a 2.4% hit on Tuesday, even as the tech-heavy Nasdaq Composite rose by about 0.6%. In all likelihood, the growth stock's decline in the session was primarily a continuation of the bearish trend that it has been experiencing as the market looks ahead to the company's earnings report, due out on Wednesday. After soaring in 2020, Fastly stock has given back some of its massive gains in 2021.

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