In a filing, Meta Platforms Inc revealed its Officer Olivan Javier acquired Company’s shares for reported $0.24 million on Oct 18 ’24. In the deal valued at $580.65 per share,413 shares were bought.
Then, Newstead Jennifer sold 905 shares, generating $533,923 in total proceeds. Upon selling the shares at $589.97, the Chief Legal Officer now owns 33,292 shares.
Before that, Zuckerberg Mark sold 84 shares. Meta Platforms Inc shares valued at $50,400 were divested by the COB and CEO at a price of $600.00 per share. As a result of the transaction, Zuckerberg Mark now holds 518,424 shares, worth roughly $298.18 million.
Scotiabank initiated its Meta Platforms Inc [META] rating to a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Overweight”‘ rating for it. Pivotal Research Group began covering META with “Buy” recommendation on October 01, 2024. Monness Crespi & Hardt maintained its rating on September 30, 2024. It rated META as “a Buy”.
Price Performance Review of META
On Monday, Meta Platforms Inc [NASDAQ:META] saw its stock fall -0.23% to $575.16. Over the last five days, the stock has lost -2.58%. Meta Platforms Inc shares have risen nearly 62.49% since the year began. Nevertheless, the stocks have risen 83.87% over the past one year. While a 52-week high of $602.95 was reached on 10/07/24, a 52-week low of $279.40 was recorded on 01/02/24. SMA at 50 days reached $547.61, while 200 days put it at $492.40.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 570.43, which if violated will result in even more drops to 565.71. On the upside, there is a resistance level at 578.56. A further resistance level may holdings at 581.97. The Relative Strength Index (RSI) on the 14-day chart is 55.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.21%. Stochastics %K at 24.40% 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 2024-09-30, dropping by -0.79 million shares to a total of 32.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 33.25 million shares. There was a decline of -2.45%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 10, 2024 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $600 price target.
