Meta Platforms Inc. stock rises Thursday, still underperforms market

Meta Platforms Inc. stock rises Thursday, still underperforms market

Shares of Meta Platforms Inc. FB inched 0.03% higher to $327.74 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.52% to 15,704.28 and the Dow Jones Industrial Average DJIA falling 0.44% to 35,921.23. The stock’s rise snapped a three-day losing streak. Meta Platforms Inc. closed $56.59 short of its 52-week high ($384.33), which the company reached on September 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. MSFT rose 0.49% to $332.43, Alphabet Inc. Cl A GOOGL fell 0.09% to $2,915.33, and Twitter Inc. TWTR fell 0.67% to $51.98. Trading volume (12.3 M) remained 9.8 million below its 50-day average volume of 22.1 M.

Share:
error: Content is protected !!