The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Meta Platforms Inc shares valued at $21,980,359 were sold by Zuckerberg Mark on Dec 04 ’24. At $611.91 per share, Zuckerberg Mark sold 35,921 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Zuckerberg Mark sold 35,921 shares, netting a total of over 21,838,799 in proceeds. Following the sale of shares at $607.97 each, the insider now holds 0 shares.
Before that, Olivan Javier had sold 413 shares from its account. In a trade valued at $238,503, the Chief Operating Officer traded Meta Platforms Inc shares for $577.49 each. Upon closing the transaction, the insider’s holdings decreased to 413 shares, worth approximately $11.76 million.
As published in a research note from Pivotal Research Group on October 31, 2024, Meta Platforms Inc [META] has been retained to a Buy and the price target has been revised to $800. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 11, 2024, Scotiabank has initiated its “Sector perform” rating for META. Earlier on October 09, 2024, Cantor Fitzgerald resumed its rating. Their recommendation was “an Overweight” for META stock.
Analyzing META Stock Performance
During the last five days, there has been a surge of approximately 7.02%. Over the course of the year, Meta Platforms Inc shares have jumped approximately 73.40%. Shares of the company reached a 52-week high of $617.78 on 12/04/24 and a 52-week low of $340.01 on 01/02/24. A 50-day SMA is recorded $577.67, while a 200-day SMA reached $517.49. Nevertheless, trading volume fell to 13.09 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Meta Platforms Inc (META)
According to the 24-hour chart, there is a support level at 606.66, which, if violated, would cause prices to drop to 599.54. In the upper region, resistance lies at 619.34. The next price resistance is at 624.90. RSI (Relative Strength Index) is 68.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 32.69, which suggests the price will increase in the coming days. Percent R is at 5.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
