Meta Platforms Stock Ticks Higher Friday Morning Amid Volatility

Meta Platforms Inc (NASDAQ: META) shares were trading higher late Friday morning, although the path involved significant price swings after the market opened.

As of 11:03 am GMT-4 on April 29th, the stock price stood at 551.62 USD. This represented an increase of 1.88 USD, or 0.34 percent, for the trading day thus far, positioning it above the previous closing price of 549.74 USD.

The session started with Meta opening lower at 546.00 USD and hitting an early low of 544.12 USD. However, buying interest quickly drove the price up significantly to an intraday high of 555.30 USD before experiencing a pullback and then consolidating around the current level.

Meta Platforms remains a major market force with a market capitalization listed at approximately 1.39 Trillion USD. The company’s shares are currently trading with a Price-to-Earnings (P/E) ratio of 22.86. Shareholders also benefit from a dividend yield of 0.38 percent.

While trading higher today, META’s current price is still below its 52-week high of 740.89 USD. It remains substantially elevated compared to its 52-week low of 427.20 USD.