Meta Platforms Is Up 109% In 3 Months, Here's Why I'm Selling
When your buddies tell you about a hot stock that has more than doubled in the past three months, it's usually not a $490 billion company. But that's precisely what Meta Platforms (NASDAQ: META) has done since early November.
That's a quick move for any company, let alone the 10th largest in the world. So has Meta moved too fast? Or is this just the start of a remarkable recovery? Read on to find out.
Despite this rapid rise, Meta Platforms remains more than 50% off its all-time high reached in July 2021. The stock fell from its highs for two reasons. First, the stock was highly valued due to investor sentiment. Second, the drop occurred right around the time Meta Platforms changed its name from Facebook.
Source Fool.com
