Meta Platforms Inc’s recent filing unveils that its Chief Technology Officer Bosworth Andrew unloaded Company’s shares for reported $8.16 million on Nov 18 ’24. In the deal valued at $553.53 per share,14,746 shares were sold. As a result of this transaction, Bosworth Andrew now holds 0 shares worth roughly $0.0.
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Then, Bosworth Andrew sold 5,057 shares, generating $2,918,698 in total proceeds. Upon selling the shares at $577.16, the Chief Technology Officer now owns 8,565 shares.
Before that, LI SUSAN J sold 18,644 shares. Meta Platforms Inc shares valued at $10,320,371 were divested by the Chief Financial Officer at a price of $553.55 per share. As a result of the transaction, LI SUSAN J now holds 46,769 shares, worth roughly $26.24 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 1.21% to $561.09. Over the last five days, the stock has lost -4.06%. Meta Platforms Inc shares have risen nearly 58.52% since the year began. Nevertheless, the stocks have risen 67.47% 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 $570.23, while 200 days put it at $512.01.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 553.98, which if violated will result in even more drops to 546.88. On the upside, there is a resistance level at 564.81. A further resistance level may holdings at 568.54. The Relative Strength Index (RSI) on the 14-day chart is 43.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.81%. Stochastics %K at 11.94% 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 2024-10-31, 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.
