Meta Platforms Inc’s filing revealed that its COB and CEO Zuckerberg Mark unloaded Company’s shares for reported $8.41 million on Jun 14 ’24. In the deal valued at $503.34 per share,16,702 shares were sold. As a result of this transaction, Zuckerberg Mark now holds 275,297 shares worth roughly $139.47 million.
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Then, Zuckerberg Mark sold 16,702 shares, generating $8,430,543 in total proceeds. Upon selling the shares at $504.76, the COB and CEO now owns 284,024 shares.
Before that, Olivan Javier sold 412 shares. Meta Platforms Inc shares valued at $208,369 were divested by the Chief Operating Officer at a price of $505.75 per share. As a result of the transaction, Olivan Javier now holds 8,031 shares, worth roughly $4.07 million.
BMO Capital Markets reiterated its Meta Platforms Inc [META] rating to a Market perform in a research note published on June 12, 2024; the price target was $450. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early May with a ‘”an Underperform”‘ rating. Oppenheimer also remained covering META and reiterated its “an Outperform” recommendation on April 25, 2024. Citigroup maintained its rating on April 15, 2024. It rated META as “a Buy”.
Price Performance Review of META
On Monday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 0.49% to $506.63. Over the last five days, the stock has gained 0.80%. Meta Platforms Inc shares have risen nearly 43.13% since the year began. Nevertheless, the stocks have risen 79.76% over the past one year. While a 52-week high of $531.49 was reached on 04/08/24, a 52-week low of $271.42 was recorded on 01/02/24. SMA at 50 days reached $480.96, while 200 days put it at $403.13. A total of 11.25 million shares were traded, compared to the trading of 10.24 million shares in the previous session.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 498.18, which if violated will result in even more drops to 489.72. On the upside, there is a resistance level at 512.92. A further resistance level may holdings at 519.20. The Relative Strength Index (RSI) on the 14-day chart is 64.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.39%. Stochastics %K at 84.81% indicates the stock is a selling.
The most recent change occurred on April 11, 2024 when Piper Sandler resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $600.
