Meta Platforms Inc. Shares Slump 0.79%

by Warren Seah

Shares of Meta Platforms Inc., which trades under the ticker symbol META, experienced a decline of 0.79% on Friday, closing at $310.73. It was a challenging day for the stock market overall, with the NASDAQ Composite Index (COMP) falling 0.36% to 13,909.24 and the Dow Jones Industrial Average (DJIA) dropping 0.43% to 35,065.62.

Third Consecutive Day of Losses

This marked the third consecutive day of losses for Meta Platforms Inc. The stock finished $15.47 below its 52-week high of $326.20, which it achieved on July 28th.

Mixed Performance Compared to Competitors

In comparison to some of its competitors, Meta Platforms Inc. demonstrated a mixed performance on Friday. Apple Inc. (AAPL) experienced a 4.80% decline, closing at $181.99. On the other hand, Microsoft Corp. (MSFT) saw a 0.34% increase, finishing at $327.78, while Alphabet Inc. Cl C (GOOG) had a slight decline of 0.18%, ending the day at $128.54.

Lower Trading Volume

The trading volume for Meta Platforms Inc. was 17.5 million shares, which was 8.4 million shares below its 50-day average volume of 26.0 million.

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