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Fastly (FSLY) was one of the hot stocks during the COVID-19 pandemic. The company went public in 2019 and started its first trading day at around $21 per share. By October 2020, its stock was trading at nearly $130 per share, up by more than 400% in roughly a year and a half after its IPO. Two years after, by the end of 2022, the stock lost almost all of its value, trading at $7 per share. The rise and fall of Fastly is a classic example of a pandemic stock.

Is the post-pandemic price slump an opportunity to buy shares?

Let's talk about that!

 

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