Meta Platforms Inc. Stock Slides 4.4%, Underperforms Peers

Dow Jones04:35

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

Shares of Meta Platforms Inc. shed 4.4% to $543.67 on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.3% to 26,289.71 and Dow Jones Industrial Average falling 0.2% to 53,343.40.

This was the stock's third consecutive day of losses.

Meta Platforms Inc. closed 31.3% below its 52-week high of $790.80, which the company achieved on September 19th.

The stock underperformed when compared to some of its peers, as Apple Inc. rose 1.5% to $310.03, Microsoft Corp. rose 0.3% to $481.63, and Alphabet Inc. Cl C remained unchanged.

Trading volume totaled 26.5 million, compared to the 50-day average of 18.3 million.

Data source: Dow Jones Market Data, FactSet

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