Alphabet

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>META stock price has been driven upwards with a bullish market trend this Monday, August 21st, 2023.</a> </li> 
 <li> <span>2</span> <a>The recent bullish trend in META stock price opposed its recent weekly and monthly price performance.</a> </li> 
</ul> 
<p>META stock price has started its weekly journey by showing bulls’ increased dominance with quite a good trading volume. Due to increased bulls’ support, Meta Platforms’ stock price added $6.65 with a 2.35% price gain. However, the stock has also experienced one-day volume activity with over 20 Million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/S6YAMnLzfzQBrtaZU4NUN8uPH-L-Lx75R2KmvetcHLO-kl2VFoGLwuQvvsqO4Ox3vEnM5rajgbHs0TahKAsZNpBPF0Nz1OQo1wOK8r1MP7GSnTvxYZfraWFEh58oe4cnlrcBxJC01GvjemqIgFoWBA" alt="META Stock: Will Meta Platforms Stock Price Surpass $291.00?" style="width: 100%;height:290px" width="1180" height="290"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>As per the trading volume activity in similar industry stocks in a day, Mullen Automotive Inc. (NASDAQ: MULN) stock topped the list. However, META stock reserved its place in the fourth position. As MULN stock price has noted a maximum of 44.112 Million volume in one day.</p> 
<p>Moreover, Alphabet Inc. Class A (NASDAQ: GOOGL) stock and Alphabet Inc. Class C (NASDAQ: GOOG) stock prices have experienced 25.248 Million and 21.851 Million volume activity.</p> 
<h2 class="wp-block-heading" id="strong-meta-stock-price-performance-strong"><strong>META Stock Price Performance</strong></h2> 
<p>META stock price opened at $283.45 and rose 2.35% while closing at $289.90 on August 21, 2023, Monday’s trading session. With the bullish market trend, Meta Platforms stock price noted high at $290.50 whereas low was $281.85.&nbsp;</p> 
<p>However, the weekly price performance of META stock shows a 3% price drop that continued its monthly price decline of more than 4%.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/zly2gZkhjc9FY6Fi4zzA9JGXoP5cKeAf41Hsvpb8sd-HNOnS4CxaoLgMp54hSDrrIrFECPG6GnO4MUI8Vozr2OK-ZW_ZsUBKO01z1CAtEl35GeNX9Nq2J_DZ3XrPfMaq0P4MDw3Zvc-fYIlsgrBAhg" alt="META Stock: Will Meta Platforms Stock Price Surpass $291.00?"> 
  <figcaption class="wp-element-caption"> <strong>Source: META/USD by </strong><a href="https://www.tradingview.com/x/exVm5x4A/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>With the increased trading volume activity META <a href="https://www.thecoinrepublic.com/2023/08/17/barc-stock-experienced-over-47-million-volume-in-recent-one-day/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> reached near its 50-day moving average. At press time, the bullish support is taking the stock price upside while crossing the $291.00 trading price.&nbsp;</p> 
<p>As per its recent closing price, META stock price has started its upside journey. If this current trend stays during the trading session, then the stock will be able to trade above $291.00.</p> 
<p>However, last month, META share was showing a bearish market trend. Due to that, the RSI has started heading towards the oversold zone. However, since the beginning of this week, the upward trend has flipped the RSI of the stock price.</p> 
<h3 class="wp-block-heading" id="strong-recent-financial-highlights-of-meta-platforms-strong"><strong>Recent Financial Highlights of Meta Platforms</strong></h3> 
<p>Meta Platforms Inc. (NASDAQ: META) or formerly named Facebook Inc. is an American multinational technology conglomerate, having a market cap of nearly $746.08 Billion. The company has a price-to-sales ratio of 6.14 while it also has an Enterprise Value to EBITDA ratio of 15.36.&nbsp;</p> 
<p>In late July 2023, the company released its Q2 2023 report which states its net income is $7.79 Billion. According to its Q2 2023 earrings results, its earnings per share (EPS) is $2.98 whereas the estimation was $2.91 which accounts for a 2.43% surprise.</p> 
<p>The reported revenue in the similar quarter is $32.00 Billion however, the estimate was $31.08 Billion. Now, for the upcoming quarter, the estimated EPS is $3.56 and revenue is expected to reach $33.35 Billion.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

META Stock: Will Meta Platforms Stock Price Surpass $291.00?

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