Shares of Meta Platforms Inc. (NASDAQ: META) experienced a notable dip in early trading on Thursday, May 30th. As of 9:36 am GMT-4, the tech giant’s stock was priced at 3.96, or 0.61%, from the previous session’s close.
The market opened with META shares at $642.50, slightly below the prior day’s closing price of $645.05. Early session volatility saw the stock fluctuate, reaching an intraday high of $643.88 and touching a low of $639.14 shortly after trading commenced. This movement indicates active trading and investor attention on the stock from the outset of the day.
This current price places Meta within its 52-week range, which has seen a high of $740.91 and a low of $442.65, highlighting the stock’s journey over the past year. Other key financial indicators for the company currently show a market capitalization of 1.61L Cr, a Price-to-Earnings (P/E) ratio of 25.04, and a dividend yield of 0.33%.
With the trading day still in its initial hours, investors and market analysts will be closely watching META’s performance to see how the stock trends throughout the remainder of the session. The early data suggests a cautious start for the social media and technology conglomerate as market participants digest ongoing factors.
