Meta Platforms Inc. Stock Falls Monday, Underperforms Market
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Shares of Meta Platforms Inc. (FB) shed 1.12% to $328.07 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.05% to 14,942.83 and the Dow Jones Industrial Average falling 0.45% to 36,068.87. This was the stock's second consecutive day of losses. Meta Platforms Inc. closed $56.26 below its 52-week high ($384.33), which the company reached on September 1st.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 0.07% to $314.27, Alphabet Inc. Cl A (GOOGL) rose 1.21% to $2,773.39, and Twitter Inc. (TWTR) rose 0.76% to $39.97. Trading volume (24.8 M) eclipsed its 50-day average volume of 20.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2022.
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January 10, 2022 16:31 ET (21:31 GMT)
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