Shares of Meta Platforms Inc. slipped 2.77% to $263.60 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.27% to 33,665.02 and the NASDAQ Composite Index falling 1.29% to 13,104.89.
This was the stock’s third consecutive day of losses.
Meta Platforms Inc. closed $12.97 short of its 52-week high ($276.57), which the company reached on June 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. fell 0.78% to $177.82, Microsoft Corp. fell 3.09% to $323.38, and Alphabet Inc. Cl C fell 3.89% to $122.94.
Trading volume (26.1 M) eclipsed its 50-day average volume of 22.5 M.