Tiger Brokers

Meta Platforms Inc. Stock Falls 4.8%, Underperforms Peers

Dow Jones
Sep 29

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Meta Platforms Inc. slid 4.8% to $715.62 on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.9% to 26,820.38 and Dow Jones Industrial Average falling 0.7% to 51,481.51.

This was the stock's second consecutive day of losses.

Meta Platforms Inc. closed 8.2% short of its 52-week high of $779.82, which the company achieved on September 24th.

The stock underperformed when compared to some of its peers, as Apple Inc. fell 0.8% to $338.40, Microsoft Corp. fell 1.3% to $509.22, and Alphabet Inc. Cl C fell 0.56% to $339.16.

Trading volume totaled 27.6 million, compared to the 50-day average of 19.1 million.

Data source: Dow Jones Market Data, FactSet

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