Meta Platforms Inc’s filing revealed that its COB and CEO Zuckerberg Mark unloaded Company’s shares for reported $1.03 million on Jun 21 ’24. In the deal valued at $501.05 per share,2,054 shares were sold. As a result of this transaction, Zuckerberg Mark now holds 253,000 shares worth roughly $126.22 million.
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Then, Zuckerberg Mark sold 16,702 shares, generating $8,376,439 in total proceeds. Upon selling the shares at $501.52, the COB and CEO now owns 254,034 shares.
Before that, Olivan Javier sold 412 shares. Meta Platforms Inc shares valued at $206,824 were divested by the Chief Operating Officer at a price of $502.00 per share. As a result of the transaction, Olivan Javier now holds 7,619 shares, worth roughly $3.8 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 0.83% to $498.91. Over the last five days, the stock has lost -1.04%. Meta Platforms Inc shares have risen nearly 40.95% since the year began. Nevertheless, the stocks have risen 75.13% over the past one year. While a 52-week high of $531.49 was reached on 04/08/24, a 52-week low of $274.38 was recorded on 01/02/24. SMA at 50 days reached $479.27, while 200 days put it at $407.15. A total of 13.42 million shares were traded, compared to the trading of 23.13 million shares in the previous session.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 492.87, which if violated will result in even more drops to 486.82. On the upside, there is a resistance level at 506.38. A further resistance level may holdings at 513.84. The Relative Strength Index (RSI) on the 14-day chart is 56.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.03%. Stochastics %K at 66.76% indicates the stock is a holding.
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.
