In a filing, Meta Platforms Inc revealed its Officer Olivan Javier acquired Company’s shares for reported $0.21 million on Sep 13 ’24. In the deal valued at $520.57 per share,413 shares were bought.
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Then, Newstead Jennifer sold 905 shares, generating $459,405 in total proceeds. Upon selling the shares at $507.63, the Chief Legal Officer now owns 37,817 shares.
Before that, Olivan Javier sold 413 shares. Meta Platforms Inc shares valued at $215,586 were divested by the Chief Operating Officer at a price of $522.00 per share. As a result of the transaction, Olivan Javier now holds 13,598 shares, worth roughly $7.13 million.
DA Davidson initiated its Meta Platforms Inc [META] rating to a Buy in a research note published on September 10, 2024; the price target was $600. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. BofA Securities also remained covering META and reiterated its “Buy” recommendation on August 01, 2024. Oppenheimer maintained its rating on July 19, 2024. It rated META as “an Outperform”.
Price Performance Review of META
On Friday, Meta Platforms Inc [NASDAQ:META] saw its stock fall -0.19% to $524.62. Over the last five days, the stock has gained 4.87%. Meta Platforms Inc shares have risen nearly 48.21% since the year began. Nevertheless, the stocks have risen 71.97% over the past one year. While a 52-week high of $544.23 was reached on 08/22/24, a 52-week low of $279.40 was recorded on 01/02/24. SMA at 50 days reached $505.50, while 200 days put it at $462.06.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 518.63, which if violated will result in even more drops to 512.63. On the upside, there is a resistance level at 529.10. A further resistance level may holdings at 533.57. The Relative Strength Index (RSI) on the 14-day chart is 56.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.43%. Stochastics %K at 63.57% indicates the stock is a holding.
How much short interest is there in Meta Platforms Inc?
A steep rise in short interest was recorded in Meta Platforms Inc stocks on 2024-08-30, growing by 5.39 million shares to a total of 33.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 27.86 million shares. There was a rise of 16.2%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $620 price target.
