Meta Platforms Inc’s recent filing unveils that its Chief Legal Officer Newstead Jennifer unloaded Company’s shares for reported $0.29 million on Apr 23 ’24. In the deal valued at $491.25 per share,585 shares were sold. As a result of this transaction, Newstead Jennifer now holds 37,228 shares worth roughly $16.11 million.
Then, Olivan Javier sold 490 shares, generating $245,578 in total proceeds. Upon selling the shares at $501.18, the Chief Operating Officer now owns 7,089 shares.
Before that, Newstead Jennifer sold 585 shares. Meta Platforms Inc shares valued at $291,675 were divested by the Chief Legal Officer at a price of $498.59 per share. As a result of the transaction, Newstead Jennifer now holds 37,813 shares, worth roughly $16.36 million.
Oppenheimer reiterated its Meta Platforms Inc [META] rating to an Outperform in a research note published on April 25, 2024; the price target was $500. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid April has reiterated a ‘”a Buy”‘ rating for it. Piper Sandler also remained covering META and reiterated its “an Overweight” recommendation on April 11, 2024. Oppenheimer maintained its rating on April 08, 2024. It rated META as “an Outperform”.
Price Performance Review of META
On Monday, Meta Platforms Inc [NASDAQ:META] saw its stock fall -2.41% to $432.62. Over the last five days, the stock has lost -10.19%. Meta Platforms Inc shares have risen nearly 22.22% since the year began. Nevertheless, the stocks have risen 81.35% over the past one year. While a 52-week high of $531.49 was reached on 04/08/24, a 52-week low of $229.85 was recorded on 01/02/24. SMA at 50 days reached $493.42, while 200 days put it at $373.61. A total of 21.45 million shares were traded, compared to the trading of 32.69 million shares in the previous session.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 427.53, which if violated will result in even more drops to 422.45. On the upside, there is a resistance level at 438.73. A further resistance level may holdings at 444.85. The Relative Strength Index (RSI) on the 14-day chart is 29.64, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -48.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.43%. Stochastics %K at 21.80% indicates the stock is a holding.
The most recent change occurred on April 04, 2024 when Jefferies resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $585.
