Meta Platforms Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Meta Platforms Inc. (META) rallied 1.12% to $197.81 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.39% to 11,675.54 and the Dow Jones Industrial Average rising 1.20% to 32,244.58. Meta Platforms Inc. closed $39.05 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 Monday, as Apple Inc. (AAPL) rose 1.55% to $157.40, Microsoft Corp. (MSFT) fell 2.58% to $272.23, and Alphabet Inc. Cl C (GOOGL) fell 0.52% to $101.93. Trading volume (25.1 M) remained 8.8 million below its 50-day average volume of 34.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2023.
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March 20, 2023 16:31 ET (20:31 GMT)
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