Meta Platforms Inc. Stock Slides 4.4%, Underperforms Peers
Dow Jones2026/08/18 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Meta Platforms Inc. shed 4.4% to $543.67 on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.3% to 26,289.71 and Dow Jones Industrial Average falling 0.2% to 53,343.40.
This was the stock's third consecutive day of losses.
Meta Platforms Inc. closed 31.3% below its 52-week high of $790.80, which the company achieved on September 19th.
The stock underperformed when compared to some of its peers, as Apple Inc. rose 1.5% to $310.03, Microsoft Corp. rose 0.3% to $481.63, and Alphabet Inc. Cl C remained unchanged.
Trading volume totaled 26.5 million, compared to the 50-day average of 18.3 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 18, 2026 16:35 ET (20:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Strategy (MSTR.US) Faces Potential Removal from MSCI Index, Passive Funds May Sell $2.8 Billion
MicroStrategy is expected to be removed from the MSCI Global Investable Market Index. JPMorgan estimates that passive funds may sell about $2.8 billion worth of shares, and if removed from multiple indexes simultaneously, the scale could reach up to $8.8 billion. Additionally, with BTC falling below its average cost of $75,456, the company’s stock price and financing capacity are under dual pressure.
Crypto prices
More
