Meta Platforms Inc. stock falls Wednesday, underperforms market

By adminAugust 3, 2023 3:12 am EDT0 ViewsNo Comments

Shares of Meta Platforms Inc.
META,
-2.60%
slipped 2.60% to $314.31 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index
COMP,
-2.17%
falling 2.17% to 13,973.45 and Dow Jones Industrial Average
DJIA,
-0.98%
falling 0.98% to 35,282.52.

Meta Platforms Inc. closed $11.89 short of its 52-week high ($326.20), which the company reached on July 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc.
AAPL,
-1.55%
fell 1.55% to $192.58, Microsoft Corp.
MSFT,
-2.63%
fell 2.63% to $327.50, and Alphabet Inc. Cl C
GOOG,
-2.46%
fell 2.46% to $128.64.

Trading volume (20.4 M) remained 5.8 million below its 50-day average volume of 26.2 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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