FB Stock Jumps on Company’s Name Change

The FB stock price fluctuated between $326.08 and $333.45 throughout the trading session with the volume trading being 30M shares, which represented a positive variation when compared to the three months average volume of 18M shares.

The share price of Meta Platforms, Inc. (NasdaqGS:FB) ran up 1.98% to close Tuesday’s market session at $329.98, higher as compared to yesterday’s close which brings the market valuation of the company to $917B.

The 52-week high for the Meta Platforms, Inc.’s shares is $384.33. That puts it -14.14% from that peak but still a massive gain since the share price dropped to a 52-week low of $244.61, while the S&P 500’s share price change was of 33%.

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What does the trading volume tell us about the FB stock?

During the last trading session, Meta Platforms, Inc. (NasdaqGS:FB) has seen decay in its daily volume. The daily volume was of 18M, while in the last 10 days the average was 44.38M and last three months – 18.01M.

Growing short interest

The Meta Platforms, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 29.16M shares being shorted which translates into 2.07 of a short ratio for FB, while in the previous month the shorted shares were 28.56M.

Meta Platforms, Inc.’s (NasdaqGS:FB) financials

With a market cap of $917B, Meta Platforms, Inc. holds a total cash of $64.08B that translates into $22.73 per share, while the total debt is of $12.56B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 55.60%. The current revenue is of $104.79B that is $36.82 per share.

This is a great sign for a bright future.