Meta Platforms Shares Dip Amid Tech Giants’ Downturn
Meta Platforms Inc Faces Third Consecutive Day of Declining Shares
Shares of Meta Platforms Inc experienced a third consecutive day of losses on Friday, declining by 1.33% to $308.65 amid a universally dismal trading session. This downward trajectory was mirrored by the NASDAQ and Dow Jones indices, which fell by 1.53% and 0.86%, respectively.
Meta’s Performance Remains Stronger Than Competitors
Despite closing $21.89 below its year-high achieved on October 12th, Meta’s performance was relatively stronger than other tech giants such as Apple, Microsoft, and Alphabet, which recorded declines of 1.47%, 1.40%, and 1.61% respectively.
Heightened Activity in Meta’s Trading Volume
Interestingly, Meta’s trading volume significantly exceeded its typical 50-day average, reaching a figure of 21.7 million. This indicates heightened activity in the stock despite the overall market downturn.
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