Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Meta Platforms Inc shares valued at $17,101,402 were sold by LI SUSAN J on Aug 27 ’24. At $517.94 per share, LI SUSAN J sold 33,018 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Newstead Jennifer sold 905 shares, netting a total of over 469,740 in proceeds. Following the sale of shares at $519.05 each, the insider now holds 39,627 shares.
Before that, Zuckerberg Mark had added 7,975 shares to its account. In a trade valued at $4,163,642, the Officer bought Meta Platforms Inc shares for $522.09 each.
As published in a research note from BofA Securities on August 01, 2024, Meta Platforms Inc [META] has been retained to a Buy and the price target has been revised to $563. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid July. As of July 16, 2024, Wolfe Research has initiated its “an Outperform” rating for META. Earlier on July 10, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for META stock.
Analyzing META Stock Performance
During the last five days, there has been a drop of approximately -2.58%. Over the course of the year, Meta Platforms Inc shares have jumped approximately 46.41%. Shares of the company reached a 52-week high of $544.23 on 08/22/24 and a 52-week low of $340.01 on 01/02/24. A 50-day SMA is recorded $504.15, while a 200-day SMA reached $453.18. Nevertheless, trading volume fell to 8.3 million shares from 9.11 million shares the previous day.
Support And Resistance Levels for Meta Platforms Inc (META)
According to the 24-hour chart, there is a support level at 513.53, which, if violated, would cause prices to drop to 508.85. In the upper region, resistance lies at 525.05. The next price resistance is at 531.89. RSI (Relative Strength Index) is 53.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.85, which suggests the price will decrease in the coming days. Percent R is at 74.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
