Meta Platforms Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Meta Platforms Inc. (META) advanced 7.25% to $194.02 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.14% to 11,428.15 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. This was the stock's second consecutive day of gains. Meta Platforms Inc. closed $42.84 below its 52-week high ($236.86), which the company achieved on April 5th.
The stock outperformed some of its competitors Tuesday, as Apple Inc. (AAPL) rose 1.41% to $152.59, Microsoft Corp. (MSFT) rose 2.71% to $260.79, and Alphabet Inc. Cl C (GOOGL) rose 2.83% to $94.25. Trading volume (40.9 M) eclipsed its 50-day average volume of 32.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:32 ET (00:32 GMT)
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