In a filing, Meta Platforms Inc revealed its Officer Olivan Javier acquired Company’s shares for reported $0.24 million on Oct 04 ’24. In the deal valued at $583.73 per share,413 shares were bought.
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Then, Newstead Jennifer sold 905 shares, generating $523,588 in total proceeds. Upon selling the shares at $578.55, the Chief Legal Officer now owns 35,102 shares.
Before that, Olivan Javier sold 413 shares. Meta Platforms Inc shares valued at $235,410 were divested by the Chief Operating Officer at a price of $570.00 per share. As a result of the transaction, Olivan Javier now holds 12,359 shares, worth roughly $7.37 million.
Pivotal Research Group initiated its Meta Platforms Inc [META] rating to a Buy in a research note published on October 01, 2024; the price target was $780. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in late September has reiterated a ‘”a Buy”‘ rating for it. DA Davidson began covering META with “Buy” recommendation on September 10, 2024. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated META as “an Overweight”.
Price Performance Review of META
On Friday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 2.26% to $595.94. Over the last five days, the stock has gained 5.04%. Meta Platforms Inc shares have risen nearly 68.36% since the year began. Nevertheless, the stocks have risen 95.02% over the past one year. While a 52-week high of $583.36 was reached on 10/04/24, a 52-week low of $279.40 was recorded on 01/02/24. SMA at 50 days reached $525.96, while 200 days put it at $479.63.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 585.96, which if violated will result in even more drops to 575.99. On the upside, there is a resistance level at 601.38. A further resistance level may holdings at 606.83. The Relative Strength Index (RSI) on the 14-day chart is 79.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.37%. Stochastics %K at 94.07% indicates the stock is a selling.
How much short interest is there in Meta Platforms Inc?
A steep rise in short interest was recorded in Meta Platforms Inc stocks on 2024-09-13, growing by 0.65 million shares to a total of 32.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 31.6 million shares. There was a rise of 2.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 01, 2024 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $563.
