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Meta Platforms Inc. stock falls Tuesday, underperforms market

Shares of Meta Platforms Inc.
META,
-0.10%
slipped 0.10% to $271.12 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
COMP,
+0.36%
rising 0.36% to 13,276.42 and the Dow Jones Industrial Average
DJIA,
+0.03%
rising 0.03% to 33,573.28.

This was the stock’s second consecutive day of losses.

Meta Platforms Inc. closed $4.45 short of its 52-week high ($275.57), which the company achieved on June 5th.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Apple Inc.
AAPL,
-0.21%
fell 0.21% to $179.21, Microsoft Corp.
MSFT,
-0.67%
fell 0.67% to $333.68, and Alphabet Inc. Cl C
GOOG,
+1.01%
rose 1.01% to $127.91.

Trading volume (19.4 M) remained 3.3 million below its 50-day average volume of 22.6 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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