In a filing, Meta Platforms Inc revealed its Officer Zuckerberg Mark acquired Company’s shares for reported $2.67 million on Jan 14 ’25. In the deal valued at $601.83 per share,4,434 shares were bought.
Then, Newstead Jennifer bought 905 shares, generating $547,109 in total proceeds.
Before that, Zuckerberg Mark sold 12,975 shares. Meta Platforms Inc shares valued at $7,984,883 were divested by the COB and CEO at a price of $615.41 per share. As a result of the transaction, Zuckerberg Mark now holds 381,290 shares, worth roughly $226.58 million.
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 -2.31% to $594.25. Over the last five days, the stock has lost -5.70%. Meta Platforms Inc shares have risen nearly 1.49% since the year began. Nevertheless, the stocks have risen 60.75% over the past one year. While a 52-week high of $638.40 was reached on 01/07/25, a 52-week low of $358.61 was recorded on 01/02/25. SMA at 50 days reached $592.91, while 200 days put it at $532.44.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 586.70, which if violated will result in even more drops to 579.16. On the upside, there is a resistance level at 603.64. A further resistance level may holdings at 613.04. The Relative Strength Index (RSI) on the 14-day chart is 46.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 78.45%. Stochastics %K at 48.25% 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 2024-12-31, dropping by -5.26 million shares to a total of 25.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 30.45 million shares. There was a decline of -20.87%, 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 .
