Meta Platforms Inc’s recent filing unveils that its Chief Legal Officer Newstead Jennifer unloaded Company’s shares for reported $0.51 million on Nov 05 ’24. In the deal valued at $567.70 per share,901 shares were sold. As a result of this transaction, Newstead Jennifer now holds 30,581 shares worth roughly $17.88 million.
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Then, Olivan Javier sold 413 shares, generating $234,411 in total proceeds. Upon selling the shares at $567.58, the Chief Operating Officer now owns 10,294 shares.
Before that, Newstead Jennifer bought 901 shares. Meta Platforms Inc shares valued at $511,498 were divested by the Officer at a price of $567.70 per share.
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 0.28% to $584.82. Over the last five days, the stock has gained 2.16%. Meta Platforms Inc shares have risen nearly 65.22% since the year began. Nevertheless, the stocks have risen 77.88% 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 $564.48, while 200 days put it at $508.47.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 576.91, which if violated will result in even more drops to 569.01. On the upside, there is a resistance level at 596.19. A further resistance level may holdings at 607.57. The Relative Strength Index (RSI) on the 14-day chart is 55.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.58%. Stochastics %K at 66.49% 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 2024-10-31, dropping by -1.96 million shares to a total of 30.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 32.46 million shares. There was a decline of -6.42%, 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.
