Shares of Meta Platforms Inc.
slid 2.66% to $172.44 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index
falling 1.78% to 11,855.83 and Dow Jones Industrial Average
falling 1.26% to 33,696.85. This was the stock’s second consecutive day of losses. Meta Platforms Inc. closed $64.42 below its 52-week high ($236.86), which the company achieved on April 5th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc.
fell 1.04% to $153.71, Microsoft Corp.
fell 2.66% to $262.15, and Alphabet Inc. Cl C
fell 1.36% to $95.78. Trading volume (25.6 M) remained 8.1 million below its 50-day average volume of 33.7 M.