Meta Platforms Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Meta Platforms Inc. (META) shed 1.16% to $199.81 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.60% to 11,669.96 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Meta Platforms Inc. closed $37.05 below 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 Wednesday, as Apple Inc. (AAPL) fell 0.91% to $157.83, Microsoft Corp. (MSFT) fell 0.54% to $272.29, and Alphabet Inc. Cl C (GOOGL) fell 1.53% to $104.22. Trading volume (28.0 M) remained 6.0 million below its 50-day average volume of 34.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:31 ET (20:31 GMT)
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