Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Meta Platforms Inc shares valued at $535,543 were sold by Newstead Jennifer on Dec 31 ’24. At $591.76 per share, Newstead Jennifer sold 905 shares. The insider’s holdings dropped to 32,915 shares worth approximately $19.72 million following the completion of this transaction.
Also, Olivan Javier sold 413 shares, netting a total of over 243,323 in proceeds. Following the sale of shares at $589.16 each, the insider now holds 17,514 shares.
Before that, Zuckerberg Mark had added 6,510 shares to its account. In a trade valued at $3,915,849, the Officer bought Meta Platforms Inc shares for $601.51 each.
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 drop of approximately -1.40%. Over the course of the year, Meta Platforms Inc shares have jumped approximately 2.34%. Shares of the company reached a 52-week high of $604.91 on 01/02/25 and a 52-week low of $587.82 on 01/02/25. A 50-day SMA is recorded $588.27, while a 200-day SMA reached $528.59. Nevertheless, trading volume fell to 12.03 million shares from 6.91 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 589.74, which, if violated, would cause prices to drop to 580.23. In the upper region, resistance lies at 606.83. The next price resistance is at 614.41. RSI (Relative Strength Index) is 50.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.26, which suggests the price will decrease in the coming days. Percent R is at 66.04%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
