Meta Platforms (META) Stock Surges: Shares Climb Over 1.5% in Tuesday Afternoon Trading
Menlo Park, CA – Shares of social media and technology conglomerate Meta Platforms Inc. (NASDAQ: META) are demonstrating strong performance in Tuesday’s afternoon trading session, May 7th. As of 2:40 PM Eastern Time, Meta stock was valued at 596.57 USD. This represents a notable increase of 9.26 USD, or 1.58%, for the current trading day.
Market activity for Meta Platforms shows the stock opened the session at 590.36 USD, already trading above its previous close of 587.31 USD. Throughout the day, META shares have achieved an intraday high of 597.90 USD and recorded a low of 586.58 USD. The 1-Day chart illustrates a generally upward trajectory with some volatility during the trading hours.
Key financial indicators for Meta Platforms underscore its substantial market presence. The company commands a significant market capitalization of approximately 1.50 trillion USD. Meta’s Price to Earnings (P/E) ratio is currently 23.30, and the company provides a dividend yield of 0.35% to its shareholders.
Over the past 52 weeks, Meta’s stock has fluctuated within a considerable range, reaching a high of 740.89 USD and a low of 442.65 USD. Today’s positive price movement highlights investor confidence as the stock continues to perform robustly within its annual range.
