Meta Platforms, Inc. stock price dropped after insider selling activities.
Stock AI’s forecasts:
🔴 -8.6% short-term ⬇️
🟢 +1.2% long-term ⬆️
Stock AI’s (META) Forecast get (+4.8% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $META ($503.9), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $479.8 (🔴-4.8%). Selling META on this signal yielded a +4.8% profit 💰💰.
META-Meta Platforms, Inc. News
🟢 HSBC turns bullish on AMD shares, saying there won’t just be one winner in the market for AI GPUs.
🔴 Meta Platforms CEO Mark Zuckerberg sold 77,412 shares of Meta Platforms stock in a transaction dated Monday, March 25th.
🔴 Meta Platforms insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, April 2nd.
🟢 Jefferies reaffirms its ‘buy’ recommendation on Meta Platforms with a price target raised from $550 to $585.
🟢 The Goldman Sachs Group raises Meta Platforms price target from $500.00 to $555.00 with a buy rating.
🔴 Meta Platforms CEO Mark Zuckerberg sold 31,493 shares of Meta Platforms stock in a transaction that occurred on Monday, March 18th.
Meta Platforms, Inc., formerly Facebook, has been experiencing a mix of positive and negative news recently which has impacted its stock price. Positive news such as HSBC turning bullish on AI GPU shares and Jefferies reaffirming a ‘buy’ recommendation have contributed to an optimistic outlook for the company. However, insider selling by CEO Mark Zuckerberg and other insiders has raised some concerns among investors.
The positive news from HSBC and Jefferies has likely contributed to an increase in investor confidence and may lead to a potential price increase in the short term. On the other hand, the insider selling activities by key figures within the company could signal a lack of confidence in the stock, which may result in a slight price decrease in the near future.
Overall, the recent news surrounding Meta Platforms indicates a mixed sentiment among investors. It will be important to monitor how these developments continue to unfold and how they impact the stock price moving forward.
META-Meta Platforms, Inc. Analyst Ratings
📉 Jefferies reaffirmed its ‘buy’ recommendation on Meta Platforms with a price target raised from $550 to $585.
📈 Stifel Nicolaus boosted Meta Platforms’ price target to $588.00 from $527.00.
📉 UBS Group increased Meta Platforms’ price target to $610.00 from $530.00.
Sources:
1. Marketscreener
2. ETF Daily News
3. ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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