Connect with us

Hi, what are you looking for?

Markets

Meta Platforms Inc. stock underperforms Wednesday when compared to competitors

Shares of Meta Platforms Inc.
META,
-2.77%
slipped 2.77% to $263.60 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
+0.27%
rising 0.27% to 33,665.02 and the NASDAQ Composite Index
COMP,
-1.29%
falling 1.29% to 13,104.89.

This was the stock’s third consecutive day of losses.

Meta Platforms Inc. closed $12.97 short of its 52-week high ($276.57), which the company reached on June 6th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc.
AAPL,
-0.78%
fell 0.78% to $177.82, Microsoft Corp.
MSFT,
-3.09%
fell 3.09% to $323.38, and Alphabet Inc. Cl C
GOOG,
-3.89%
fell 3.89% to $122.94.

Trading volume (26.1 M) eclipsed its 50-day average volume of 22.5 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

This article was written by Follow Other writing on Substack: https://yieldstrategies.substack.com/I am currently focused on income investing through either common shares, preferred shares, or...

News

This article was written by Follow Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in...