Large-cap Communication Services company Meta Platforms has logged a -24.3% change today on a trading volume of 176,580,739. The average volume for the stock is 30,622,714.
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. Based in Menlo Park, the company has 83,553 full time employees and a market cap of $264,092,090,368.
The company is now trading -52.62% away from its average analyst target price of $207.41 per share. The 50 analysts following the stock have set target prices ranging from $140 to $392, and on average give Meta Platforms a rating of buy.
Over the last year, META shares have gone down by -59.0%, which represents a difference of -42.4% when compared to the S&P 500. The stock's 52 week high is $353.83 per share and its 52 week low is $97.36. With its gross margins declining an average -1.0% over the last four years, Meta Platforms may not have a strong enough business to reverse this trend.
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