Meta Platforms Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Meta Platforms Inc. (META) slid 1.54% to $202.84 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.60% to 32,432.08 and the NASDAQ Composite Index falling 0.47% to 11,768.84. The stock's fall snapped a two-day winning streak. Meta Platforms Inc. closed $34.02 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) fell 1.23% to $158.28, Microsoft Corp. (MSFT) fell 1.49% to $276.38, and Alphabet Inc. Cl C (GOOGL) fell 2.83% to $103.06. Trading volume (18.4 M) remained 15.7 million below its 50-day average volume of 34.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2023.
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March 27, 2023 16:31 ET (20:31 GMT)
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