Why Investors Slammed Fastly Stock on Tuesday

One pundit believes that while the company certainly has potential, it might take more than a few quarters to realize. Fastly (FSLY -5.15%) 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. No lon ...