Meta Platforms Inc. stock rises Monday, still underperforms market

Meta Platforms Inc. stock rises Monday, still underperforms market

Shares of Meta Platforms Inc. FB, +1.47% rose 1.47% to $338.03 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.88% rising 1.88% to 15,782.83 and the Dow Jones Industrial Average DJIA, +0.68% rising 0.68% to 35,135.94. Meta Platforms Inc. closed $46.30 short of its 52-week high ($384.33), which the company achieved on September 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. MSFT, +2.11% rose 2.11% to $336.63, Alphabet Inc. Cl A GOOGL, +2.35% rose 2.35% to $2,910.61, and Twitter Inc. TWTR, -2.74% fell 2.74% to $45.78. Trading volume (16.1 M) remained 7.3 million below its 50-day average volume of 23.4 M.

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