May 6 was the list time when FSLY traded at $23.03. The next day brought the big surprise that was the drastic change with the opening at $29.84. Now the stock holds at above $31. March and April gave only the increase to the stock except for the first 10 days of March. Seems IT and Cloud tech become highly demanded during the lockdown because people are spending most of their time online according to their interests.
The average volume is five times bigger than the traded volume. Any time that can change in favor of the traded volume.
Company’s background (source from fastly.com)
American cloud computing services provider. Fastly’s edge cloud platform provides a content delivery network, Internet security services, load balancing, and video & streaming services. Fastly’s headquarters are in San Francisco, California, with additional offices in Denver, New York, Portland, London, and Tokyo.