Meta Platforms Inc. Stock Slips 8.0%, Underperforms Peers

Dow Jones04:35

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Meta Platforms Inc. slipped 8.0% to $539.03 on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.8% to 25,122.18 and the Dow Jones Industrial Average rising 1.2% to 52,208.06.

This was the stock's 11th consecutive day of losses.

Meta Platforms Inc. closed 32.3% short of its 52-week high of $796.25, which the company achieved on August 15th.

The stock underperformed when compared to some of its peers, as Apple Inc. fell 1.4% to $333.43, Microsoft Corp. rose 15.5% to $451.10, and Alphabet Inc. Cl C fell 0.62% to $333.68.

Trading volume totaled 41.9 million, compared to the 50-day average of 18.2 million.

Data source: Dow Jones Market Data, FactSet

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