NEW YORK, USA – Shares of Meta Platforms Inc. (NASDAQ: META), the parent company of Facebook and Instagram, are posting strong gains in midday trading on April 22nd. As of 12:03 pm Eastern Time (GMT-4), the stock was trading at 498.21 USD.
This price reflects a notable increase of +$13.55, representing a +2.80% rise for the day so far. The positive movement pushes the stock closer to the significant $500 psychological threshold.
Meta’s stock began the trading day at $491.87 and experienced some volatility, dipping to a low of $486.36 before embarking on a steady climb. The intraday high reached $499.50, just shy of the $500 mark. The current price sits comfortably above the previous closing price of $484.66, indicating solid buying interest.
Looking at the broader picture, today’s price action places META significantly above its 52-week low of $414.50. However, it remains below the stock’s 52-week high of $740.89, highlighting the range it has traded within over the past year.
Key financial details show a substantial market capitalization listed at 1.26LCr and a Price-to-Earnings (P/E) ratio of 20.65. Notably, Meta Platforms offers a dividend yield of 0.42%, a relatively recent development for the tech giant.
Investors continue to watch META’s performance closely as the session progresses, weighing company developments and broader market sentiment.
