Meta Platforms Inc. stock underperforms Tuesday when compared to competitors

By adminAugust 8, 2023 6:44 pm EDT0 ViewsNo Comments

Shares of Meta Platforms Inc.
META,
-1.24%
slipped 1.24% to $312.64 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index
COMP,
-0.79%
falling 0.79% to 13,884.32 and Dow Jones Industrial Average
DJIA,
-0.45%
falling 0.45% to 35,314.49.

Meta Platforms Inc. closed $13.56 short of its 52-week high ($326.20), which the company reached on July 28th.

The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc.
AAPL,
+0.53%
rose 0.53% to $179.80, Microsoft Corp.
MSFT,
-1.23%
fell 1.23% to $326.05, and Alphabet Inc. Cl C
GOOG,
-0.08%
fell 0.08% to $131.84.

Trading volume (15.1 M) remained 10.8 million below its 50-day average volume of 25.9 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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