In a filing, Meta Platforms Inc revealed its Chief Operating Officer Olivan Javier unloaded Company’s shares for reported $0.24 million on Oct 25 ’24. In the deal valued at $574.16 per share,413 shares were sold. As a result of this transaction, Olivan Javier now holds 10,707 shares worth roughly $6.35 million.
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Then, Newstead Jennifer bought 905 shares, generating $524,991 in total proceeds.
Before that, Alford Peggy bought 873 shares. Meta Platforms Inc shares valued at $508,523 were divested by the Director at a price of $582.50 per share.
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 Tuesday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 2.62% to $593.28. Over the last five days, the stock has gained 1.94%. Meta Platforms Inc shares have risen nearly 67.61% since the year began. Nevertheless, the stocks have risen 99.94% over the past one year. While a 52-week high of $602.95 was reached on 10/07/24, a 52-week low of $296.86 was recorded on 01/02/24. SMA at 50 days reached $553.47, while 200 days put it at $498.78.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 581.23, which if violated will result in even more drops to 569.18. On the upside, there is a resistance level at 599.50. A further resistance level may holdings at 605.72. The Relative Strength Index (RSI) on the 14-day chart is 63.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.68%. Stochastics %K at 51.95% 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 2024-10-15, dropping by -0.99 million shares to a total of 31.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 32.25 million shares. There was a decline of -3.16%, 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.
