In a filing, Meta Platforms Inc revealed its Chief Operating Officer Olivan Javier unloaded Company’s shares for reported $0.23 million on Nov 01 ’24. In the deal valued at $567.58 per share,413 shares were sold. As a result of this transaction, Olivan Javier now holds 10,294 shares worth roughly $5.89 million.
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Then, Newstead Jennifer bought 901 shares, generating $511,498 in total proceeds.
Before that, Zuckerberg Mark sold 420 shares. Meta Platforms Inc shares valued at $252,073 were divested by the COB and CEO at a price of $600.17 per share. As a result of the transaction, Zuckerberg Mark now holds 518,004 shares, worth roughly $296.52 million.
Pivotal Research Group reiterated its Meta Platforms Inc [META] rating to a Buy in a research note published on October 31, 2024; the price target was $800. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Scotiabank began covering META with “Sector perform” recommendation on October 11, 2024. Cantor Fitzgerald maintained its rating on October 09, 2024. It rated META as “an Overweight”.
Price Performance Review of META
On Tuesday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 2.10% to $572.43. Over the last five days, the stock has lost -3.51%. Meta Platforms Inc shares have risen nearly 61.72% since the year began. Nevertheless, the stocks have risen 81.95% over the past one year. While a 52-week high of $602.95 was reached on 10/07/24, a 52-week low of $313.66 was recorded on 01/02/24. SMA at 50 days reached $557.80, while 200 days put it at $503.69.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 568.24, which if violated will result in even more drops to 564.05. On the upside, there is a resistance level at 575.05. A further resistance level may holdings at 577.67. The Relative Strength Index (RSI) on the 14-day chart is 50.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.43%. Stochastics %K at 18.08% indicates the stock is a buying.
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 October 01, 2024 when Pivotal Research Group began covering the stock and recommended ‘”a Buy”‘ rating along with a $780 price target.
