Meta Platforms (META) Climbs Higher After Morning Surge and Pullback
Meta Platforms Inc (NASDAQ: META) shares were trading in positive territory late Friday morning, demonstrating upward momentum after experiencing significant volatility earlier in the session.
As of 11:03 am GMT-4 on April 29th, the social media and technology giant’s stock was priced at 551.62 USD. This represented a gain of 1.88 USD, or 0.34 percent, for the trading day so far. The current price is comfortably above the previous closing value of 549.74 USD.
The trading session began with Meta opening lower at 546.00 USD. However, the stock quickly attracted buying interest, surging to an intraday high of 555.30 USD. Following this peak, shares pulled back before finding support and edging higher again. The session low was recorded at 544.12 USD.
Meta Platforms maintains a significant market presence with a market capitalization of approximately 1.39 Trillion USD. The company’s stock trades with a Price-to-Earnings (P/E) ratio of 22.86. Meta also offers a dividend yield of 0.38 percent to its shareholders.
Looking at the stock’s performance over the past year, the current price remains below the 52-week high of 740.89 USD but is substantially above the 52-week low of 427.20 USD.
