Meta Platforms Inc. stock rises Friday, outperforms market

By adminJuly 29, 2023 5:09 am EDT0 ViewsNo Comments

Shares of Meta Platforms Inc.
META,
+4.42%
rallied 4.42% to $325.48 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
COMP,
+1.90%
rising 1.90% to 14,316.66 and the Dow Jones Industrial Average
DJIA,
+0.50%
rising 0.50% to 35,459.29.

This was the stock’s fourth consecutive day of gains.

Meta Platforms Inc. hit a new 52-week high, surpassing its previous peak of $325.35, which the company reached on July 27th.

The stock outperformed some of its competitors Friday, as Apple Inc.
AAPL,
+1.35%
rose 1.35% to $195.83, Microsoft Corp.
MSFT,
+2.31%
rose 2.31% to $338.37, and Alphabet Inc. Cl C
GOOG,
+2.42%
rose 2.42% to $133.01.

Trading volume (39.1 M) eclipsed its 50-day average volume of 25.7 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.

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