DJ Meta Platforms Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Meta Platforms Inc. (META) inched 0.55% higher to $468.24 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 38,884.26 and the NASDAQ Composite Index falling 0.10% to 16,332.56.
This was the stock's fifth consecutive day of gains.
Meta Platforms Inc. closed $63.25 short of its 52-week high ($531.49), which the company achieved on April 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Apple Inc. $(AAPL)$ rose 0.38% to $182.40, Microsoft Corp. $(MSFT)$ fell 1.02% to $409.34, and Alphabet Inc. Cl C $(GOOG)$ rose 1.85% to $172.98.
Trading volume (13.2 M) remained 3.5 million below its 50-day average volume of 16.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2024.
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(END) Dow Jones Newswires
May 07, 2024 16:30 ET (20:30 GMT)
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