Meta Platforms Inc. Shares Rally

Shares of Meta Platforms Inc. (META, +3.27%) experienced a notable rally on Wednesday, increasing by 3.27% and reaching a value of $469.59. This positive performance took place amidst a favorable trading session for the stock market overall, with the NASDAQ Composite Index (COMP, +0.95%) rising by 0.95% to 15,756.64, and the Dow Jones Industrial Average (DJIA, +0.40%) rising by 0.40% to 38,677.36.

Breaking the Losing Streak

This rise in value marks a significant break from the stock's two-day losing streak, presenting a promising turn of events for Meta Platforms Inc.

Approaching the 52-Week High

Although Meta Platforms Inc. closed $16.37 below its 52-week high on February 2nd, which stood at $485.96, the recent surge in value indicates growing momentum for the company.

Outperforming Competitors

On Wednesday, Meta Platforms Inc. outperformed several of its competitors in the market. Notable increases were seen in the stock prices of:

• Apple Inc. (AAPL, +0.06%), with a rise of 0.06% to $189.41
• Microsoft Corp. (MSFT, +2.11%), with a rise of 2.11% to $414.05
• Alphabet Inc. Cl C (GOOG, +0.87%), with a rise of 0.87% to $146.68

Strong Trading Volume

The impressive surge in value was accompanied by high trading volume, reaching 22.9 M shares traded, surpassing its 50-day average volume of 18.6 M.