Meta Platforms Inc. shares fall on Wednesday, underperforming the market

Meta Platforms Inc. FB Shares,
-2.11%
lost 7.77% to $200.42 on Wednesday, in what turned out to be an overall mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
-2.82%
rising 0.71% to 35,160.79 and the NASDAQ COMP Composite Index,
-2.55%
falling 1.22% to 13,453.07. The stock’s plunge snapped a two-day winning streak. Meta Platforms Inc. closed $183.91 below its 52-week high ($384.33), which the company reached on September 1.

The stock underperformed some of its peers on Wednesday, including Microsoft Corp. MSFT,
-2.41%
rose 0.37% to $286.36, Alphabet Inc. Cl A GOOGL,
-4.15%
fell 1.51% to $2,560.80, and Twitter Inc. TWTR,
+3.93%
it rose 1.21% to $46.72. Trading volume (42.7M) eclipsed its 50-day average volume of 35.4M.

Editor’s Note: This story was auto-generated by Automated Insights, a provider of automation technology, using data from Dow Jones and FactSet. See our terms of use of market data.

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