Why Meta Platforms Stock Slumped on Wednesday
Shares of Meta Platforms (NASDAQ: META) slipped Monday morning, falling as much as 3.4%. As of 12:18 p.m. ET, the stock was still down 2.39%.
While there's little doubt the general market downdraft added fuel to the decline, the catalyst that sent the social media titan lower was a stock sale by CEO Mark Zuckerberg.
In a regulatory filing that dropped late Friday, the company revealed that a trust that manages stock for Zuckerberg -- and makes charitable and political contributions on his behalf -- had sold 682,000 shares worth roughly $190 million during the past month or so. The stock sale was executed through a series of prearranged trades that played out during November and early December.
Source Fool.com
Meta Platforms Inc. Stock
€429.00
2.510%
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 16.55% for Meta Platforms Inc. compared to the current price of 429.0 €.
