Shares of Meta Platforms Inc. (META) experienced a 2.11% decline on Monday, reaching a price of $318.60. Despite this setback, the overall trading session was favorable for the stock market, with the NASDAQ Composite Index (COMP) seeing a 0.21% increase to reach 14,346.02, and the Dow Jones Industrial Average (DJIA) rising by 0.28% to reach 35,559.53.
This decline marks the end of a four-day winning streak for Meta Platforms Inc. However, it is important to note that the company closed just $7.60 short of its 52-week high of $326.20, which it achieved on July 28th.
When compared to its competitors on Monday, Meta Platforms Inc. performed slightly worse. Apple Inc. (AAPL) saw a 0.32% increase, reaching $196.45, Microsoft Corp. (MSFT) experienced a 0.72% decline, reaching $335.92, and Alphabet Inc. Cl C (GOOG) saw a 0.08% increase, reaching $133.11.
The trading volume for Meta Platforms Inc. on Monday was 25.6 million shares, which is 513,179 shares below its 50-day average volume of 26.1 million shares.
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