Meta Platforms (META) Stock Takes a Hit, Drops Nearly 5% in Today’s Trading

NEW YORK – Shares of Meta Platforms, Inc. (NASDAQ: META) experienced a significant pullback during today’s trading session, catching the attention of investors across the United States.

As of 19:38 GMT+5:30 (reflecting mid-morning trading activity in the US), the tech giant’s stock price was quoted at 27.61, translating to a -4.71% drop for the day.

The downward move places Meta’s stock considerably below its previous closing price of $585.77. Today’s sharp decline contrasts with the stock’s performance over the last five trading days, during which it had managed to gain over 10%.

While the immediate daily chart shows a distinct downward trend, the performance across different time horizons presents a mixed picture. Year-to-date, META stock is down approximately 5.23%, and it has also seen declines over the past month (-6.08%) and six months (-4.44%). However, looking back over a full year, the stock still holds a positive return of 9.74%, with substantial long-term gains evident over the past five years (+217.72%).

Market participants are closely monitoring META’s price action following this pronounced intraday dip.