Meta Platforms Inc. stock rises Wednesday, outperforms market

Meta Platforms Inc. stock rises Wednesday, outperforms market

Shares of Meta Platforms Inc. FB inched 0.45% higher to $319.59 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 1.15% to 14,340.26 and Dow Jones Industrial Average DJIA falling 0.96% to 35,028.65. Meta Platforms Inc. closed $64.74 below its 52-week high ($384.33), which the company achieved on September 1st.

The stock outperformed some of its competitors Wednesday, as Microsoft Corp. MSFT rose 0.22% to $303.33, Alphabet Inc. Cl A GOOGL fell 0.65% to $2,702.33, and Twitter Inc. TWTR rose 0.13% to $37.35. Trading volume (19.7 M) eclipsed its 50-day average volume of 19.1 M.

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