Meta Platforms Inc’s recent filing unveils that its Officer Zuckerberg Mark acquired Company’s shares for reported $30.6 million on Jan 31 ’25. In the deal valued at $697.30 per share,43,883 shares were bought.
Then, Newstead Jennifer sold 905 shares, generating $602,730 in total proceeds. Upon selling the shares at $666.00, the Chief Legal Officer now owns 29,295 shares.
Before that, Zuckerberg Mark bought 41,524 shares. Meta Platforms Inc shares valued at $28,841,771 were divested by the Officer at a price of $694.58 per share.
The Benchmark Company upgraded its Meta Platforms Inc [META] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Buy”‘ rating for it. Cantor Fitzgerald also remained covering META and reiterated its “an Overweight” recommendation on January 22, 2025. Jefferies maintained its rating on January 06, 2025. It rated META as “a Buy”.
Price Performance Review of META
On Friday, Meta Platforms Inc [NASDAQ:META] saw its stock jump 0.32% to $689.18. Over the last five days, the stock has gained 6.44%. Meta Platforms Inc shares have risen nearly 17.71% since the year began. Nevertheless, the stocks have risen 72.27% over the past one year. While a 52-week high of $710.79 was reached on 01/30/25, a 52-week low of $387.10 was recorded on 01/02/25. SMA at 50 days reached $609.95, while 200 days put it at $540.65.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 681.41, which if violated will result in even more drops to 673.63. On the upside, there is a resistance level at 701.13. A further resistance level may holdings at 713.07. The Relative Strength Index (RSI) on the 14-day chart is 74.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 44.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.68%. Stochastics %K at 85.46% indicates the stock is a selling.
How much short interest is there in Meta Platforms Inc?
A steep rise in short interest was recorded in Meta Platforms Inc stocks on 2025-01-15, dropping by -3.58 million shares to a total of 25.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 29.33 million shares. There was a decline of -13.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2025 when Wolfe Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $730.
