Shares of Meta Platforms Inc. (META) experienced a notable increase on Tuesday, reaching a growth rate of 1.67% and reaching a price of $350.36. This upward movement occurred amidst a favorable trading session for the stock market, with both the NASDAQ Composite Index (COMP) and the Dow Jones Industrial Average (DJIA) seeing gains as well.
Impressive Performance
This recent surge in Meta Platforms Inc. stock marks the third consecutive day of gains for the company. Furthermore, it propelled the stock to reach a new 52-week high, surpassing its previous peak of $347.56, which was achieved on December 18th.
Outperforming Competitors
On Tuesday, Meta Platforms Inc. outperformed several of its competitors in the market. While Apple Inc. (AAPL) experienced a 0.54% increase to reach a price of $196.94, Microsoft Corp. (MSFT) saw a 0.16% rise to $373.26, and Alphabet Inc. Cl C (GOOG) had a 0.66% increase, bringing its price to $138.10.
Steady Trading Volume
Despite these impressive gains, the trading volume for Meta Platforms Inc. remained slightly below average, with 17.7 million shares being traded, compared to the 50-day average volume of 19.5 million shares.