Shares of Meta Platforms Inc. /zigman2/quotes/205064656/composite FB +1.83% slipped 4.27% to $310.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.63% falling 1.83% to 15,254.05 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.29% falling 1.34% to 34,022.04. This was the stock's second consecutive day of losses. Meta Platforms Inc. closed $73.73 below its 52-week high ($384.33), which the company achieved on September 1st.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.11% fell 0.15% to $330.08, Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL +0.35% fell 0.60% to $2,821.03, and Twitter Inc. /zigman2/quotes/203180645/composite TWTR +0.69% fell 2.55% to $42.82. Trading volume (30.1 M) eclipsed its 50-day average volume of 23.9 M.