Shares of Meta Platforms Inc. (META) experienced a notable increase of 1.39% on Friday, reaching $351.95. It was undoubtedly a great trading session for the stock market, characterized by overall positive momentum. The NASDAQ Composite Index (COMP) rose by 0.09% to 14,524.07, and the Dow Jones Industrial Average (DJIA) also enjoyed gains, rising by 0.07% to 37,466.11.
This marks the second consecutive day of gains for Meta Platforms Inc., reflecting the company’s consistent growth trajectory. Despite closing $9.95 below its 52-week high of $361.90, achieved on December 28th, the stock’s current performance is commendable.
In comparison to its competitors, Meta Platforms Inc. outperformed several industry giants on Friday. While Apple Inc. (AAPL) saw a slight decline of 0.40% to $181.18, Microsoft Corp. (MSFT) experienced a marginal dip of 0.05% to $367.75, and Alphabet Inc. Cl C (GOOG) faced a decrease of 0.47% to $137.39.
Although the trading volume of Meta Platforms Inc. remained slightly lower than its 50-day average volume of 18.3 million shares, it still reached a respectable 13.9 million shares traded on Friday.
