Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Meta Platforms Inc shares valued at $9,169,668 were sold by Zuckerberg Mark on Feb 05 ’25. At $706.72 per share, Zuckerberg Mark sold 12,975 shares. The insider’s holdings dropped to 172,046 shares worth approximately $121.27 million following the completion of this transaction.
Also, Zuckerberg Mark sold 42,614 shares, netting a total of over 30,115,163 in proceeds. Following the sale of shares at $706.70 each, the insider now holds 0 shares.
Before that, Zuckerberg Mark had sold 12,975 shares from its account. In a trade valued at $9,033,523, the COB and CEO traded Meta Platforms Inc shares for $696.23 each. Upon closing the transaction, the insider’s holdings decreased to 12,975 shares, worth approximately $139.56 million.
As published in a research note from The Benchmark Company on January 30, 2025, Meta Platforms Inc [META] has been rated up from a Hold to a Buy and the price target has been revised to $820. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late January. As of January 22, 2025, Cantor Fitzgerald has reiterated its “an Overweight” rating for META. Earlier on January 06, 2025, Jefferies resumed its rating. Their recommendation was “a Buy” for META stock.
Analyzing META Stock Performance
During the last five days, there has been a surge of approximately 4.20%. Over the course of the year, Meta Platforms Inc shares have jumped approximately 20.39%. Shares of the company reached a 52-week high of $718.14 on 02/05/25 and a 52-week low of $587.82 on 01/02/25. A 50-day SMA is recorded $618.46, while a 200-day SMA reached $543.70. Nevertheless, trading volume fell to 17.04 million shares from 13.83 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 696.54, which, if violated, would cause prices to drop to 688.21. In the upper region, resistance lies at 715.67. The next price resistance is at 726.47. RSI (Relative Strength Index) is 77.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 42.08, which suggests the price will increase in the coming days. Percent R is at 11.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
