Tuesday, February 7, 2023
HomeMarketMeta Platforms Inc. stock rises Wednesday, still underperforms market

Meta Platforms Inc. stock rises Wednesday, still underperforms market

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Shares of Meta Platforms Inc.
META,
+0.72%
inched 0.72% higher to $112.24 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
COMP,
+0.99%
rising 0.99% to 11,285.32 and the Dow Jones Industrial Average
DJIA,
+0.28%
rising 0.28% to 34,194.06. This was the stock’s second consecutive day of gains. Meta Platforms Inc. closed $240.47 below its 52-week high ($352.71), which the company achieved on December 28th.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp.
MSFT,
+1.04%
rose 1.04% to $247.58 and Alphabet Inc. Cl A
GOOGL,
+1.45%
rose 1.45% to $98.46. Trading volume (21.2 M) remained 28.5 million below its 50-day average volume of 49.8 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Credit: marketwatch.com

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