Meta Platforms Inc’s recent filing unveils that its Chief Legal Officer Newstead Jennifer unloaded Company’s shares for reported $0.25 million on Apr 30 ’24. In the deal valued at $431.05 per share,585 shares were sold. As a result of this transaction, Newstead Jennifer now holds 36,643 shares worth roughly $17.06 million.
Then, Olivan Javier sold 490 shares, generating $216,355 in total proceeds. Upon selling the shares at $441.54, the Chief Operating Officer now owns 6,599 shares.
Before that, Newstead Jennifer sold 585 shares. Meta Platforms Inc shares valued at $287,381 were divested by the Chief Legal Officer at a price of $491.25 per share. As a result of the transaction, Newstead Jennifer now holds 37,228 shares, worth roughly $17.34 million.
Exane BNP Paribas initiated its Meta Platforms Inc [META] rating to an Underperform in a research note published on May 02, 2024; the price target was $360. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Citigroup also remained covering META and reiterated its “Buy” recommendation on April 15, 2024. Piper Sandler maintained its rating on April 11, 2024. It rated META as “an Overweight”.
Price Performance Review of META
On Monday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 3.04% to $465.68. Over the last five days, the stock has gained 7.64%. Meta Platforms Inc shares have risen nearly 31.56% since the year began. Nevertheless, the stocks have risen 99.42% 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 $490.32, while 200 days put it at $377.00. A total of 15.04 million shares were traded, compared to the trading of 16.49 million shares in the previous session.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 457.29, which if violated will result in even more drops to 448.91. On the upside, there is a resistance level at 470.11. A further resistance level may holdings at 474.55. The Relative Strength Index (RSI) on the 14-day chart is 46.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.62%. Stochastics %K at 38.95% indicates the stock is a holding.
The most recent change occurred on April 08, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $585.
