Fastly, Inc. is trading 5.6% down today at $18.30 as traders lock in profits following a sharp multi-day rebound and renewed focus on balance-sheet and governance risks.
- Investors are weighing the company's March 2026 convertible note maturity and broader balance sheet risks after yesterday's 7.25% jump.
- Governance concerns remain a significant overhang, specifically regarding a recent auditor change and disclosures of insider selling.
- The pullback marks a retreat from a recent recovery attempt as the stock moves off its late-May lows.