Meta Platforms: Why The Selloff Is Unjustified [Seeking Alpha]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Seeking Alpha
Q1 earnings exceeded estimates, with revenue and net income growth. Meta's user base continues to expand, and new products and AI initiatives offer growth potential. I believe that the market has greatly overreacted to the relatively decent guidance that Meta Platforms ( NASDAQ: META ) provided last week, which resulted in the rapid depreciation of the company's shares. Despite the turbulent macroeconomic environment, Meta is expected to continue to grow at a double-digit rate and scale its operations as its user base continues to expand. Add to all of this the fact that the company's shares are undervalued against the broader market, and it creates even more reasons to be optimistic about the performance of Meta in the following quarters. The Market Has Overreacted Last month, I wrote a bullish article on Meta, in which I argued that the company has more than enough catalysts to create additional shareholder value in the foreseeable future. Unfortunately, since that time, th
Show less
Read more
Impact Snapshot
Event Time:
META
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
META alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
META alerts
High impacting Meta Platforms, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
META
News
- iDirect Government To Build 5G Co-Channel Interference Mitigation Prototype for Defense Innovation Unit [Yahoo! Finance]Yahoo! Finance
- Open Letter to Mark Zuckerberg: Addressing Bias in Women's Health Advertising on Meta Platforms [Yahoo! Finance]Yahoo! Finance
- AI Might Be Smarter Than Your CMO [Forbes]Forbes
- Sports Tourism Market Size Worth $2958.65 Billion by 2033; Niche Sports Events, Emerging Markets & High Investments in Sports Infrastructure [Yahoo! Finance]Yahoo! Finance
- Five Lucrative Ways To Monetize Mobile Apps [Forbes]Forbes
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- META's page on the SEC website