Meta Platforms Inc’s recently made public that its Officer Zuckerberg Mark acquired Company’s shares for reported $22.23 million on Jan 07 ’25. In the deal valued at $618.94 per share,35,921 shares were bought.
Then, Newstead Jennifer bought 905 shares, generating $571,553 in total proceeds.
Before that, Zuckerberg Mark sold 35,921 shares. Meta Platforms Inc shares valued at $21,695,406 were divested by the COB and CEO at a price of $603.98 per share. As a result of the transaction, Zuckerberg Mark now holds 0 shares, worth roughly $0.0.
Jefferies reiterated its Meta Platforms Inc [META] rating to a Buy in a research note published on January 06, 2025; the price target was $715. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who remained covering the stock and in early January has reiterated a ‘”an Outperform”‘ rating for it. Pivotal Research Group also remained covering META and reiterated its “Buy” recommendation on October 31, 2024. Monness Crespi & Hardt maintained its rating on October 31, 2024. It rated META as “a Buy”.
Price Performance Review of META
On Tuesday, Meta Platforms Inc [NASDAQ:META] saw its stock fall -1.95% to $617.89. Over the last five days, the stock has gained 4.51%. Meta Platforms Inc shares have risen nearly 5.53% since the year began. Nevertheless, the stocks have risen 75.56% over the past one year. While a 52-week high of $638.40 was reached on 01/07/25, a 52-week low of $352.05 was recorded on 01/02/25. SMA at 50 days reached $591.06, while 200 days put it at $530.31.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 606.71, which if violated will result in even more drops to 595.54. On the upside, there is a resistance level at 630.58. A further resistance level may holdings at 643.28. The Relative Strength Index (RSI) on the 14-day chart is 56.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.65%. Stochastics %K at 71.75% 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 2024-12-13, dropping by -0.49 million shares to a total of 29.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 29.82 million shares. There was a decline of -1.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 11, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating .
