Meta Platforms Inc. stock rises Thursday, still underperforms market

Meta Platforms Inc. stock rises Thursday, still underperforms market

Shares of Meta Platforms Inc. META, +1.43% advanced 1.43% to $172.19 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +2.28% rising 2.28% to 11,621.35 and the Dow Jones Industrial Average DJIA, +1.12% rising 1.12% to 31,384.55. This was the stock’s third consecutive day of gains. Meta Platforms Inc. closed $212.14 short of its 52-week high ($384.33), which the company achieved on September 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. MSFT, +0.82% rose 0.82% to $268.40, Alphabet Inc. Cl A GOOGL, +3.68% rose 3.68% to $2,375.66, and Twitter Inc. TWTR, +1.52% rose 1.52% to $38.79. Trading volume (23.9 M) remained 10.8 million below its 50-day average volume of 34.6 M.

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