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Aug. 16, 2022, 4:30 p.m. EDT

Meta Platforms Inc. stock underperforms Tuesday when compared to competitors

MarketWatch Automation

Shares of Meta Platforms Inc. (NAS:META) dropped 0.79% to $179.47 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average (DOW:DJIA) rising 0.71% to 34,152.01 and the NASDAQ Composite Index (NASDAQ:COMP) falling 0.19% to 13,102.55. The stock's fall snapped a two-day winning streak. Meta Platforms Inc. closed $204.86 below its 52-week high ($384.33), which the company achieved on September 1st.

The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (NAS:MSFT) fell 0.26% to $292.71, Alphabet Inc. Cl A (NAS:GOOGL) fell 0.31% to $121.70, and Twitter Inc. fell 0.22% to $44.40. Trading volume (21.0 M) remained 8.8 million below its 50-day average volume of 29.8 M.

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

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