Investing
Meta Platforms shares dip amid tech giants’ downturn
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect
Shares of Meta Platforms Inc (NASDAQ:). experienced a third consecutive day of losses on Friday, declining by 1.33% to $308.65 amid a universally dismal trading session. The downward trajectory was mirrored by the NASDAQ and Dow Jones indices, which fell by 1.53% and 0.86%, respectively.
Despite closing $21.89 below its year-high achieved on October 12th, Meta’s performance was relatively stronger than other tech giants such as Apple (NASDAQ:), Microsoft (NASDAQ:), and Alphabet (NASDAQ:), which recorded declines of 1.47%, 1.40%, and 1.61% respectively.
Interestingly, Meta’s trading volume significantly exceeded its typical 50-day average, reaching a figure of 21.7 million. This indicates heightened activity in the stock despite the overall market downturn.
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