DJ Meta Platforms Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Meta Platforms Inc. (META) advanced 2.33% to $451.96 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.99% to 16,156.33 and the Dow Jones Industrial Average rising 1.18% to 38,675.68.
This was the stock's third consecutive day of gains.
Meta Platforms Inc. closed $79.53 short of its 52-week high ($531.49), which the company reached on April 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Apple Inc. $(AAPL)$ rose 5.98% to $183.38, Microsoft Corp. $(MSFT)$ rose 2.22% to $406.66, and Alphabet Inc. Cl C $(GOOG)$ rose 0.31% to $168.99.
Trading volume (16.3 M) remained 631,763 below its 50-day average volume of 16.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2024.
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(END) Dow Jones Newswires
May 03, 2024 16:30 ET (20:30 GMT)
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