Meta Platforms Inc. stock outperforms market on strong trading day

By adminJuly 28, 2023 5:17 pm EDT0 ViewsNo Comments

Shares of Meta Platforms Inc.
META,
+4.42%
rallied 4.40% to $311.71 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index
COMP,
+1.90%
falling 0.55% to 14,050.11 and Dow Jones Industrial Average
DJIA,
+0.50%
falling 0.67% to 35,282.72.

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

Meta Platforms Inc. closed $6.97 below its 52-week high ($318.68), which the company reached on July 19th.

The stock outperformed some of its competitors Thursday, as Apple Inc.
AAPL,
+1.35%
fell 0.66% to $193.22, Microsoft Corp.
MSFT,
+2.31%
fell 2.09% to $330.72, and Alphabet Inc. Cl C
GOOG,
+2.42%
rose 0.16% to $129.87.

Trading volume (64.0 M) eclipsed its 50-day average volume of 24.9 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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