Meta Platforms Inc. Stock Rises 6.0%, Outperforms Peers

Dow Jones04:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Meta Platforms Inc. advanced 6.0% to $590.24 on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.1% to 25,913.90 and the Dow Jones Industrial Average rising 1.3% to 53,178.41.

This was the stock's second consecutive day of gains.

Meta Platforms Inc. closed 25.9% below its 52-week high of $796.25, which the company achieved on August 15th.

The stock outperformed some of its peers, as Apple Inc. fell 1.8% to $303.42, Microsoft Corp. rose 4.9% to $487.65, and Alphabet Inc. Cl C rose 4.44% to $372.47.

Trading volume totaled 24.7 million, compared to the 50-day average of 19.1 million.

Data source: Dow Jones Market Data, FactSet

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