Meta Platforms Inc’s recent filing unveils that its Chief Product Officer Cox Christopher K unloaded Company’s shares for reported $13.06 million on Feb 28 ’25. In the deal valued at $653.04 per share,20,000 shares were sold. As a result of this transaction, Cox Christopher K now holds 288,686 shares worth roughly $184.76 million.
Then, Newstead Jennifer bought 921 shares, generating $593,124 in total proceeds.
Before that, Cox Christopher K sold 20,000 shares. Meta Platforms Inc shares valued at $13,554,116 were divested by the Chief Product Officer at a price of $677.71 per share. As a result of the transaction, Cox Christopher K now holds 308,686 shares, worth roughly $197.56 million.
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 Tuesday, Meta Platforms Inc [NASDAQ:META] saw its stock fall -2.30% to $640.00. Over the last five days, the stock has lost -2.66%. Meta Platforms Inc shares have risen nearly 9.31% since the year began. Nevertheless, the stocks have risen 30.58% over the past one year. While a 52-week high of $740.91 was reached on 02/14/25, a 52-week low of $414.50 was recorded on 01/02/25. SMA at 50 days reached $651.58, while 200 days put it at $564.42.
Levels Of Support And Resistance For META Stock
The 24-hour chart illustrates a support level at 625.85, which if violated will result in even more drops to 611.70. On the upside, there is a resistance level at 651.95. A further resistance level may holdings at 663.90. The Relative Strength Index (RSI) on the 14-day chart is 37.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -32.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.06%. Stochastics %K at 17.95% indicates the stock is a buying.
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.
