🟢 Fastly is trading 4.3% up today as investors bargain-hunt after its post-earnings slide

Fastly is trading 4.3% up today at $20.43 in a bargain-hunting rally following a sharp post-earnings selloff earlier this month.

• The recent decline was primarily fueled by investor concerns regarding slowing Network Services growth and competitive pricing pressure.
• Today's upward move comes despite a lack of fresh company news and a broader downturn in tech indices amid AI and macro jitters.
• The stock appears to be staging a technical rebound as buyers step in following the recent period of significant weakness.