Why Fastly Stock Slipped on Thursday

Why Fastly Stock Slipped on Thursday

Shares of Fastly (NYSE: FSLY) fell by as much as 5% on Thursday before recovering to close 1.4% lower. This wasn't, thankfully, due to any operational issue like the global outage of its services that rocked many websites Tuesday morning. Rather, Fastly's decline seemed linked to an analyst downgrade.