Meta Platforms Sees Early Gains: META Stock Trades Above $550
Meta Platforms Inc (NASDAQ: META), the parent company of Facebook, is showing positive signs in early trading on Sunday, April 28th. The technology giant’s shares are trading modestly higher as the market session gets underway.
As of 10:39 AM GMT-4, Meta stock is priced at 550.31 USD. This represents an increase of 3.04 USD, or 0.56 percent, from the previous closing price of 547.27 USD. The upward trend indicates positive investor sentiment early in the day.
The trading session began with Meta opening notably higher at 555.64 USD and quickly reaching an intraday peak of 558.49 USD. However, the stock experienced some volatility, pulling back to a low of 546.40 USD before recovering to trade above the 550 dollar mark.
Meta Platforms maintains a massive market capitalization, listed at 1.39L Cr (representing approximately 1.39 Trillion USD). Key financial data includes a Price-to-Earnings (P/E) ratio of 22.81 and a dividend yield of 0.38 percent.
The current trading activity places META stock within its performance range over the past year. The 52-week high for the shares stands at 740.89 USD, while the 52-week low is 427.20 USD.
