Meta Platforms Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Meta Platforms Inc. (META) slid 4.55% to $195.61 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.74% to 11,630.51 and Dow Jones Industrial Average falling 1.19% to 31,861.98. The stock's fall snapped a four-day winning streak. Meta Platforms Inc. closed $41.25 below its 52-week high ($236.86), which the company achieved on April 5th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. (AAPL) fell 0.55% to $155.00, Microsoft Corp. (MSFT) rose 1.17% to $279.43, and Alphabet Inc. Cl C (GOOGL) rose 1.38% to $102.46. Trading volume (49.7 M) eclipsed its 50-day average volume of 33.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:31 ET (20:31 GMT)
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