Meta Platforms (META) Stock Gains Over 1 Percent, Approaches Session Highs

Shares of the social media and technology giant Meta Platforms Inc, trading on the NASDAQ under the ticker META, were showing positive momentum during Monday afternoon trading.

As of 2:10 pm GMT-4 on April 29th, Meta stock was priced at 555.54 USD. This marked an increase of 5.80 USD, translating to a 1.06 percent gain for the day compared to the previous closing price of 549.74 USD.

The trading day began with Meta opening lower at 546.00 USD and hitting an intraday low of 544.12 USD shortly thereafter. However, the stock quickly found buying support and reversed course, rallying throughout the morning despite some volatility. It reached an intraday high of 556.57 USD and was trading near this peak in the early afternoon, as depicted by the accompanying one-day chart.

Key financial details for Meta Platforms include its substantial market capitalization, listed as 1.40LCr. The company’s Price to Earnings (P/E) ratio currently stands at 23.02. Meta also offers shareholders a dividend yield of 0.38 percent.

Over the past 52 weeks, Meta shares have experienced a significant range, trading as high as 740.91 USD and establishing a low of 427.11 USD.