Meta Platforms Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Meta Platforms Inc. (META) rallied 3.63% to $204.93 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.48% to 11,717.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. This was the stock's fourth consecutive day of gains. Meta Platforms Inc. closed $31.93 short of its 52-week high ($236.86), which the company achieved on April 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc. (AAPL) rose 1.87% to $155.85, Microsoft Corp. (MSFT) rose 4.05% to $276.20, and Alphabet Inc. Cl C (GOOGL) rose 4.68% to $101.07. Trading volume (50.3 M) eclipsed its 50-day average volume of 33.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:31 ET (20:31 GMT)
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