Why Meta Platforms Stock Is Sinking Today
Meta Platforms (NASDAQ: META) stock is getting hit with substantial sell-offs in Thursday's trading. The company's share price was down 4.3% as of 2:30 p.m. ET.
At the same point in the day's trading, the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down 1.2% and 1.7%, respectively. Meta's stock had been off as much as 5.3% earlier in the day.
Despite some better-than-expected inflation data released in the last two days, investors are selling out of stocks again today in response to trade-war fears. Meta Platforms stock is also seeing a pullback in conjunction with news about its content-moderation policies and a recently published memoir from a former employee.
Source Fool.com
Meta Platforms Inc. Stock
€534.80
0.020%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 680 € there is a positive potential of 27.15% for Meta Platforms Inc. compared to the current price of 534.8 €.
