DJ Meta Platforms Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Meta Platforms Inc. (META) shed 1.68% to $485.58 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.12% to 39,807.37 and the NASDAQ Composite Index falling 0.12% to 16,379.46.
This was the stock's fourth consecutive day of losses.
Meta Platforms Inc. closed $37.99 short of its 52-week high ($523.57), which the company achieved on March 8th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. $(AAPL)$ fell 1.06% to $171.48, Microsoft Corp. $(MSFT)$ fell 0.17% to $420.72, and Alphabet Inc. Cl C $(GOOG)$ rose 0.21% to $152.26.
Trading volume (15.0 M) remained 3.3 million below its 50-day average volume of 18.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 28, 2024.
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(END) Dow Jones Newswires
March 28, 2024 16:30 ET (20:30 GMT)
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