Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Meta Platforms Inc shares valued at $235,410 were sold by Olivan Javier on Sep 27 ’24. At $570.00 per share, Olivan Javier sold 413 shares. The insider’s holdings dropped to 12,359 shares worth approximately $7.08 million following the completion of this transaction.
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Also, Newstead Jennifer purchased 905 shares, netting a total of over 523,588 in proceeds.
Before that, Olivan Javier had added 413 shares to its account. In a trade valued at $235,410, the Officer bought Meta Platforms Inc shares for $570.00 each.
As published in their initiating research note from Pivotal Research Group on October 01, 2024, Meta Platforms Inc [META] has been a Buy and the price target has been revised to $780. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in late September. As of September 10, 2024, DA Davidson has initiated its “Buy” rating for META. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for META stock.
Analyzing META Stock Performance
During the last five days, there has been a surge of approximately 0.79%. Over the course of the year, Meta Platforms Inc shares have jumped approximately 61.83%. Shares of the company reached a 52-week high of $583.04 on 10/01/24 and a 52-week low of $340.01 on 01/02/24. A 50-day SMA is recorded $520.68, while a 200-day SMA reached $477.13. Nevertheless, trading volume fell to 6.5 million shares from 15.26 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 569.43, which, if violated, would cause prices to drop to 566.06. In the upper region, resistance lies at 576.09. The next price resistance is at 579.38. RSI (Relative Strength Index) is 71.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.36, which suggests the price will increase in the coming days. Percent R is at 15.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
