Meta Platforms Inc’s recently made public that its Chief Legal Officer Newstead Jennifer unloaded Company’s shares for reported $0.31 million on Apr 09 ’24. In the deal valued at $522.00 per share,585 shares were sold. As a result of this transaction, Newstead Jennifer now holds 38,398 shares worth roughly $19.21 million.
Then, Olivan Javier sold 490 shares, generating $253,090 in total proceeds. Upon selling the shares at $516.51, the Chief Operating Officer now owns 8,069 shares.
Before that, Newstead Jennifer sold 585 shares. Meta Platforms Inc shares valued at $283,725 were divested by the Chief Legal Officer at a price of $485.00 per share. As a result of the transaction, Newstead Jennifer now holds 38,983 shares, worth roughly $19.5 million.
Citigroup reiterated its Meta Platforms Inc [META] rating to a Buy in a research note published on April 15, 2024; the price target was $590. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in mid April has reiterated a ‘”an Overweight”‘ rating for it. Oppenheimer also remained covering META and reiterated its “an Outperform” recommendation on April 08, 2024. Jefferies maintained its rating on April 04, 2024. It rated META as “a Buy”.
Price Performance Review of META
On Monday, Meta Platforms Inc [NASDAQ:META] saw its stock fall -2.28% to $500.23. Over the last five days, the stock has lost -3.66%. Meta Platforms Inc shares have risen nearly 41.32% since the year began. Nevertheless, the stocks have risen 127.02% over the past one year. While a 52-week high of $531.49 was reached on 04/08/24, a 52-week low of $207.13 was recorded on 01/02/24. SMA at 50 days reached $491.77, while 200 days put it at $364.51. A total of 13.08 million shares were traded, compared to the trading of 11.98 million shares in the previous session.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 492.16, which if violated will result in even more drops to 484.10. On the upside, there is a resistance level at 513.41. A further resistance level may holdings at 526.60. The Relative Strength Index (RSI) on the 14-day chart is 49.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 62.88%. Stochastics %K at 60.32% indicates the stock is a holding.
The most recent change occurred on February 02, 2024 when Wolfe Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $530.
