News
James B. Bell
- January 22, 2024
Shares of Meta Platforms Inc. (META) experienced a slight decline of 0.44% on Monday, closing at $381.78. However, this dip occurred within an overall positive trading session for the stock market. The NASDAQ Composite Index (COMP) rose by 0.32% to reach 15,360.29, and the Dow Jones Industrial Average (DJIA) also saw a 0.36% increase, reaching 38,001.81.
Breaking a Winning Streak
Unfortunately, this decrease in Meta Platforms Inc. stock price ended a three-day winning streak. Despite this setback, the company remains only $2.58 below its 52-week high of $384.36, which was achieved on January 19th.
Mixed Performance Compared to Competitors
When compared to its competitors on Monday, Meta Platforms Inc. demonstrated a mixed performance. Apple Inc. (AAPL) saw a 1.22% increase, with their stock price reaching $193.89. On the other hand, Microsoft Corp. (MSFT) experienced a slight decline of 0.54%, closing at $396.51. Similarly, Alphabet Inc. Cl C (GOOG) saw a decrease of 0.18%, with their stock price ending the day at $147.71.
Above Average Trading Volume
The trading volume for Meta Platforms Inc. reached 17.5 million on Monday, surpassing its 50-day average volume of 16.1 million.
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