Cloudflare jumps more than 6% on light volume
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Cloudflare (NYSE:NET) shares rose more than 6% on Thursday on lighter-than-average volume on the second-to-last trading day of the year.
Shortly before 1:30 p.m., less than 1.95M shares of Cloudflare (NET) had changed hands. For comparison purposes, the average daily volume is just over 5.1M shares for a full trading session.

Cloudflare (NET), which competes with the likes of Fastly (FSLY), Akamai (AKAM), Microsoft (MSFT) Azure and Google Cloud (GOOG) (GOOGL), has seen its shares trade roughly flat over the past six months, but down more than 64% year-to-date.
Earlier this month, J.P. Morgan said investors may want to get into Cloudflare (NET) ahead of a potential rotation into higher growth names once the Federal Reserve pivots and stops raising interest rates.