Why Meta Platforms Stock Lost 12% in April [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
According to data from S&P Global Market Intelligence , Meta stock lost 12% in April. As you can see from the chart below, the stock was actually in positive territory for most of the month before falling sharply at the end of April after its earnings report came out. Meta spooks investors Shares of Meta actually bucked the broader trend in the stock market in the first half of the month as investors seemed to fear that tech stocks had become overvalued amid signs that the Fed might delay interest rate cuts. However, that optimism went by the wayside after the company reported first-quarter earnings on April 24. The stock fell 10.5% the following day, though it had traded down as much as 16%. Meta actually topped estimates on a strong quarter, reporting revenue growth of 27% to $36.5 billion, which was ahead of the analyst consensus at $36.2 billion. The company experienced a 20% increase in ad impressions across its family of apps and the average price per ad rose 6%, a si
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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