On Thursday, shares of Meta Platforms Inc. (META) experienced a slight dip of 0.31% and settled at $310.87. Despite this, it was an overall favorable trading session for the stock market.
Positive Performance in the Stock Market
The NASDAQ Composite Index (COMP) recorded an impressive increase of 1.78% and closed at 13,294.19. Likewise, the Dow Jones Industrial Average (DJIA) rose by 1.70% and finished at 33,839.08.
Meta Platforms’ Performance and 52-Week High
Meta Platforms Inc. fell short of its 52-week high by closing at $19.67 below ($330.54). This high was achieved by the company on October 12th.
Comparison with Competitors
While Meta Platforms Inc. experienced a decline in its stock value, some of its competitors had a more positive outcome on Thursday. Apple Inc. (AAPL) saw a rise of 2.07% to $177.57, Microsoft Corp. (MSFT) increased by 0.65% to $348.32, and Alphabet Inc. Cl C (GOOG) climbed 0.79% to $128.58.
The trading volume for Meta Platforms Inc. exceeded its 50-day average volume of 21.4 M, recording a total volume of 21.4 M.