FSLY - These 3 Comeback Stocks Are Crushing the Market Tuesday
The stock market remained volatile on Tuesday morning, as investors tried to navigate an environment full of hype-driven stories. As of 11:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 67 points to 34,563. The S&P 500 (SNPINDEX: ^GSPC) eased lower by five points to 4,221, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to post a gain of one point to 13,883.
Many stocks have seen huge gains on no news at all, as short-term traders focus on tactics like short squeezes to send shares of unlikely stocks into the stratosphere. However, some stocks have actual fundamental reasons for gains, and that helped Fastly (NYSE: FSLY) overcome a big challenge and J.Jill (NYSE: JILL) and Chico's FAS (NYSE: CHS) post gains after earnings.
Shares of Fastly climbed more than 5%. The stock's gain was somewhat surprising, given that the provider of edge computing services went through a brief interruption in its services, adding to some of the challenges the company has faced in recent months.
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These 3 Comeback Stocks Are Crushing the Market Tuesday