Why Meta Stock Dropped -- Then Bounced Back
Reports that Meta Platforms (NASDAQ: META) has signed a "multi-year" deal to secure flash memory from Sandisk (NASDAQ: SNDK) sent Sandisk stock flying -- and Meta stock dying -- early this morning. Meta stock initially fell 4% on the news, before recovering.
As of 11:40 a.m. ET, Meta stock is back in the green, up 0.5%.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Stock
€478.05
2.270%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 645 € there is a positive potential of 34.92% for Meta Platforms Inc. compared to the current price of 478.05 €.
