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Shares of Meta Platforms Inc. META shed 5.22% to $160.72 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 1.08% to 12,162.59 and the Dow Jones Industrial Average DJIA rising 1.03% to 32,529.63. Meta Platforms Inc. closed $223.61 below its 52-week high ($384.33), which the company reached on September 1st.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. MSFT rose 2.85% to $276.41, Alphabet Inc. Cl A GOOGL rose 1.03% to $114.22, and Twitter Inc. TWTR rose 2.61% to $40.89. Trading volume (72.4 M) eclipsed its 50-day average volume of 29.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 28, 2022.
(END) Dow Jones Newswires
July 28, 2022 16:31 ET (20:31 GMT)
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