Meta Platforms Stock Surges $14+, Closes Up Over 2.6%

Meta Platforms Inc (NASDAQ: META) shares posted substantial gains during Thursday’s trading, closing significantly higher and continuing a positive trend into the after-hours market.

The tech giant’s stock finished the regular trading day at 547.27 USD. This marked a robust increase of 14.12 USD, equating to a 2.65 percent rise compared to the previous day’s close of 533.15 USD. Following the closing bell on April 25th, META edged up further by 0.72 USD (0.13 percent) to reach 547.99 USD in extended trading.

Thursday’s session saw META open at 546.80 USD. The stock experienced a low point of 536.25 USD but rallied to achieve a daily high of 549.86 USD before settling near the session’s peak.

Financially, Meta Platforms commands a significant market capitalization of approximately 1.38 Trillion USD. The company’s shares trade with a Price-to-Earnings (P/E) ratio of 22.68. Meta also provides shareholders with a dividend yield of 0.38 percent.

While the stock showed strength today, its current price remains below the established 52-week high of 740.89 USD. It is, however, significantly above its 52-week low of 427.20 USD, demonstrating considerable recovery and growth over the past year.