Meta Platforms Inc’s filing revealed that its COB and CEO Zuckerberg Mark unloaded Company’s shares for reported $8.6 million on Jun 28 ’24. In the deal valued at $514.96 per share,16,702 shares were sold. As a result of this transaction, Zuckerberg Mark now holds 213,007 shares worth roughly $108.53 million.
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Then, Zuckerberg Mark sold 16,702 shares, generating $8,661,637 in total proceeds. Upon selling the shares at $518.60, the COB and CEO now owns 221,734 shares.
Before that, Olivan Javier sold 412 shares. Meta Platforms Inc shares valued at $211,937 were divested by the Chief Operating Officer at a price of $514.41 per share. As a result of the transaction, Olivan Javier now holds 7,207 shares, worth roughly $3.67 million.
Raymond James reiterated its Meta Platforms Inc [META] rating to a Strong buy in a research note published on July 01, 2024; the price target was $600. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in mid June has reiterated a ‘”a Market perform”‘ rating for it. Exane BNP Paribas began covering META with “an Underperform” recommendation on May 02, 2024. Oppenheimer maintained its rating on April 25, 2024. It rated META as “an Outperform”.
Price Performance Review of META
On Tuesday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 0.96% to $509.50. Over the last five days, the stock has lost -0.22%. Meta Platforms Inc shares have risen nearly 43.94% since the year began. Nevertheless, the stocks have risen 77.54% 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 $480.73, while 200 days put it at $413.34. A total of 7.72 million shares were traded, compared to the trading of 10.33 million shares in the previous session.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 502.47, which if violated will result in even more drops to 495.43. On the upside, there is a resistance level at 513.52. A further resistance level may holdings at 517.53. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.88%. Stochastics%K at 45.08% indicates the stock is a holding.
The most recent change occurred on April 15, 2024 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $590.
