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Why Fastly Stock Rose Higher on Monday

·1 min read
Why Fastly Stock Rose Higher on Monday
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Not for the first time this year, content delivery network (CDN) operator Fastly (NYSE: FSLY) had a big announcement concerning its top management. Monday morning, it announced a new executive appointment, and investors clearly approved -- they traded the stock up by nearly 2% on the day. Fastly announced that it has appointed a new chief product officer: Lakshmi Sharma, who is to begin her job immediately.