Meta Platforms Inc. Shares Show Modest Growth

Shares of Meta Platforms Inc. (Ticker: META) experienced a slight increase of 0.13% on Monday, reaching a price of $329.19. The stock market, however, displayed a mixed performance overall on this day. While the Dow Jones Industrial Average (DJIA) rose by 0.16% to close at 34,337.87, the NASDAQ Composite Index (COMP) took a dip of 0.22% to settle at 13,767.74.

This marks the seventh consecutive day of gains for Meta Platforms Inc., highlighting its recent positive momentum. At its current value, the stock is just $1.35 short of its 52-week high of $330.54, which was achieved on October 12th.

When compared to its competitors, Meta Platforms Inc. outperformed several notable industry players yesterday. Apple Inc. (AAPL) witnessed a decline of 0.86% to reach $184.80, while Microsoft Corp. (MSFT) recorded a decrease of 0.81% with a closing price of $366.68. Similarly, Alphabet Inc. Class C (GOOG) finished the day with a decrease of 0.31%, settling at $133.64.

Although there was a slight decrease in trading volume with 16.0 million shares exchanged, it remained 5.0 million shares lower than the 50-day average volume of 21.1 million shares.